XRP has been building momentum for one more thrust into the abyss before a potential long term recovery. Based on the current structure of the market I think we will be getting that move soon because we are current at a previous support structure which should now act as a resistance. If we break out of the mini rising trendline then look for shorts with initial target at previous structure lows (0.1080's) & if we do get there i'll be updating you on what's likely to happen next based on the structure of the market at that particular point.
Feel free to check out my other post on XRP, some of them might amaze you!
Well, those small daily candles, they look like exhaustion, but in crypto, I've already seen them to be actually be a sign of pressure building up before an explosive huge green candle upwards...
End of March 2019 on bitcoin was a good example...
So I see your point, but am quite wary
Joseph_Yabwa
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@adamicius, Yeah you are right, cryptos sometimes tend to do whatever they want but i've looked at bitcoin chart from march 2019 and if you back a few months back you will see that from 16th December 2018 - 7th Februsry 2019 you will see that the market made a reversal structure in the form of an impulse let which was followed by falling wedge correction so the signs were already there before the explosice huge green candles upwards. Here haven't seen any sign yet so I'm confident we will see a down move soon but at the same time i know how these cryptos can behave sometimes