Are we close?
Is XRP set and ready to run against the king?
In December 2017 when BTC maxed out and started its descent, XRP went opposite posting huge gains.
It has literally been correcting that upswing for over a year. Consensus is mixed on its short and long term direction.
The weekly bollinger bands are on an incredibly tight squeeze against the USD suggesting that heavy volatility is approaching. After taking a year long correction to the down side do you really think when this thing snaps it will go to zero? Because from .33 usd there isn’t much room for downside with .30 and .27 being strong support.
Against BTC it is finding some footing. Let’s see what happens but my money is on a strong upward move soon (likely within the month of May) I have been scaling into a righteous margin position since about .31. Will continue to add if the outlook continues toward the positive swing.
Is XRP set and ready to run against the king?
In December 2017 when BTC maxed out and started its descent, XRP went opposite posting huge gains.
It has literally been correcting that upswing for over a year. Consensus is mixed on its short and long term direction.
The weekly bollinger bands are on an incredibly tight squeeze against the USD suggesting that heavy volatility is approaching. After taking a year long correction to the down side do you really think when this thing snaps it will go to zero? Because from .33 usd there isn’t much room for downside with .30 and .27 being strong support.
Against BTC it is finding some footing. Let’s see what happens but my money is on a strong upward move soon (likely within the month of May) I have been scaling into a righteous margin position since about .31. Will continue to add if the outlook continues toward the positive swing.