I took a look at Ripple today and noticed something, appears we are heading to a bollinger
squeeze. This can be good as volatility
is slowing to a breakout point though this can go either way. Right now Ripple has been on an uptrend, though RSI
is just below 50%. Ripple has broken through a prior downtred but is in a resisitance zone right now. My concern here is that XRP does not break the resistance and falls and will ride the bottom band if we are in a breakout point, though if it follows the current uptrend, we can see a positive breakout. Ripple has been in the news stating they have started a few new partnerships with companies using their blockchain for applications. I am going to take a chance here and buy in a small amount and aim for profits near the next Fib line close to 11300 Sats
. Lets Gamble.