botje11

XRP Ripple H&S all over the place

After reaching the target around of that H&S from 2 weeks ago towards 0.35/0.40 XRP is showing the possibility for a small H&S that can bring the price back to that yellow circle following the red line or a bigger inverse H&S that brings it towards the 0.58. On the lower time frame it looks like it will drop but it's still above that neckline. The bullish H&S is less likely because the right should has become to big in time, which means there is no conviction at all. But we all know, that is because of the doubts that Tether has spread in this market the last few weeks, as a virus. So we might be able to ignore this time factor partially. Because of the doubts in this market, the safest play is to wait for confirmation.



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