☄️Okay well basically XRP has had this insane rally as we can see by the minute chart as shown below thanks to our 200 EMA having been crossed and entering the mountain again. And could possibly be the start of the bull run for XRP or fake out depending on what plays out next and over the following few days.
☄️We're back up at that 0.419 point which we haven't seen in weeks and that's about the most important thing to note since we can always move higher of course, especially if we break above 0.420 but chances are we'll get a reversal in the very least from this impulse wave up, we've already seen this, we come up real strong and there's always a move down once those 20/50 EMA's up at the top start flipping and then the other lagging EMA's follow in suit.
☄️Basically for now you'll want to watch that red marking of 0.420 to see whether or not we break that or move back down below to where we'll have to find our next support though be on note that whales are what have brought us up like this, they bought in crazy and most important to note is the FED'S MEETING on Inflation! They can time the market and dump on us if the news is bad or prop us up again if it's good. So we may have another possible sell off hit like we did when that CPI data came out a few days ago. So I urge extreme caution as always, yet am very happy to see this happen.
☄️Time and time as I've been saying XRP gonna be a leader and over this week has proven way stronger than Bitcoin with the correlation almost seeming nonexistent at some points, granted the market cap is lower than Bitcoin's by a lot whales have still been pushing XRP like it's nothing propping it with support after support. Either way no matter what happens we're not too bad off, we've been a lot more stable compared to the market and even Bitcoin, and in the long run thing's will work out though we'll definitely see some form of a reversal form following this high we haven't seen in quite a while but have come close to so be on watch!
☄️Gonna leave the idea here but per always if you'd like to leave a like or follow it'd be much appreciated!
~ Rock '
☄️We're back up at that 0.419 point which we haven't seen in weeks and that's about the most important thing to note since we can always move higher of course, especially if we break above 0.420 but chances are we'll get a reversal in the very least from this impulse wave up, we've already seen this, we come up real strong and there's always a move down once those 20/50 EMA's up at the top start flipping and then the other lagging EMA's follow in suit.
☄️Basically for now you'll want to watch that red marking of 0.420 to see whether or not we break that or move back down below to where we'll have to find our next support though be on note that whales are what have brought us up like this, they bought in crazy and most important to note is the FED'S MEETING on Inflation! They can time the market and dump on us if the news is bad or prop us up again if it's good. So we may have another possible sell off hit like we did when that CPI data came out a few days ago. So I urge extreme caution as always, yet am very happy to see this happen.
☄️Time and time as I've been saying XRP gonna be a leader and over this week has proven way stronger than Bitcoin with the correlation almost seeming nonexistent at some points, granted the market cap is lower than Bitcoin's by a lot whales have still been pushing XRP like it's nothing propping it with support after support. Either way no matter what happens we're not too bad off, we've been a lot more stable compared to the market and even Bitcoin, and in the long run thing's will work out though we'll definitely see some form of a reversal form following this high we haven't seen in quite a while but have come close to so be on watch!
☄️Gonna leave the idea here but per always if you'd like to leave a like or follow it'd be much appreciated!
~ Rock '
