So listen. I couldn’t figure out how to use exchanges in 2017-2018 before xrp went from .03 to .23 to $3.
My fault. I was new to the game.
And listen, I don’t know time predications are anyone’s forte. Really, I’m on record saying less then half a percent of professional traders even get time predictions right 5% of the time.
I’ve been charting xrp for a year now. And it always wicks below imaginary support lines and it usually follows the downtrend lines aswell.
What we have here is a massive support line dating back from inception, and I’m sure if your reading this your familiar with the fractals and long term trend lines ripple has generated.
A lot of twitter heads and some trading view analysis has the support line drawn and its behaved pretty well bouncing off it and gravitating towards it.
My chart has us bouncing around for 10 more days until we need to make a break above say .25 and hopefully beyond.
Twitter has some decent threads about the nature of xrp as a security brought up again with the recent court filings related to the plaintiffs case. Xrp is the 3rd coin by market cap, and hate it or love it, it’s obviously being held back. I’m in the mindset that Btc can drop a a thousand dollars or more and bounce into the halving. 6 months from now prices we bought in now will be sitting pretty, i think.
Do you really think the markets going to disappear?
If you like this idea give it a thumbs up! And check out my post on BtC from yesterday.
Thanks, you too. We’ll see how this all plays out over the next 5 years or so.
MitchMilli
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Spot on brother! We’ve seen massive corrections many near the 95% sweet spot! I believe we are in Disbelief phase of market cycle. Opportunities are everywhere! XRP being talked about by world leaders non stop. I do not think it will be perceived as a large supply coin in the future. Along with many many other of course. Hate all you want but don’t sleep on XRP. Thanks for the great read.