jalapablo

XRP: Another Redistribution Brewing

Short
XRP is looking to redistribute once again. Multiple demand tests at micro resistance have resulted in failures to rally while supply continues to build and predominate intra-range. Possible re mitigation of the selling climax may bring the price back down between .48 to .46 and perhaps even lower. But not before a potential bull trap (UTAD) to gather liquidity as the PA momentarily breaks to the north at the end of the triangle. As I teach my group, don't get tricked by greed and buy the top; let someone else be the liquidity provider.

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