XRP has been getting a lot of heat but so many people aren't seeing the bigger picture. XRP is retesting the broken downtrend trend line
on the weekly and retesting a short term uptrend trend line
. Both of these retests come in confluence at around the major support at $.17. You could already see that there was major buying pressure around that level and there is also a massive bullish divergence
on the 4 hour timeframe. People are concerned about the SEC case, but the truth is that the SEC is infamous for suing companies/entities they have the least regulatory power in. They sued Tesla
and Elon Musk
back in 2018 and we all see how that's turned out. I have seen a lot of people say that if Ripple wasn't based in the United States, this case wouldn't have any jurisdiction and they're 100% right. Many other countries are continuing to use and support XRP and Ripple because they are aware of its long term value/use in the world of digital assets. It's also strange that I have heard from multiple sources that, while most retail investors are SELLING their XRP, investors with huge XRP wallets have been BUYING and increasing their positions substantially. It would be no surprise if it were these big banks getting behind XRP at the discount of a lifetime. As for the Coinbase suspension of XRP trading and other major delistings, those shouldn't be of any concern. All these companies are just trying to maintain a reputable image since they're U.S. entities, especially Coinbase with their upcoming IPO. I believe uphold is one of the only U.S. companies that will not delist XRP so there's a haven for retail investors looking to buy XRP after the Coinbase suspension of trade. I'm gonna take the Warrant Buffet advice in this case, "Be fearful when others are greedy and be greedy when others are fearful". XRP should definitely see major upside soon, especially because Alt season is coming as we expect to see some bitcoin
pullback at these all time highs. I've been stacking XRP and if it revisits the $.17 level I'll stack even more. Stay tuned we have an exciting ride ahead of us.