Good morning traders!!! As many of you who have been following my posts, I have been a strong XRP advocate. I have always been a strong supporter of it and I truly believe that XRP will lead the crypto world one day. On to the politicals, we see that ripple has partnered with many institutions in the past year. As the year went on, we were on a bear market that plummeted its price down to around 0,25 USD. We stayed in that region for a while. I speculate that price is the BOTTOM of a cup and a handle formation. The accumulation phase is over. Social media and Ripple itself have been all about banging their chest on how strong their product is. With the 2 recent price surges, I see bullish flags forming in those 2 price surges, causing the bottom of the cup to be done forming and now on its way up to beating the previous ATH. Volume has supported the price increase. At this point, I am just accumulating XRP. I am not selling. I am not looking for a bounce back. This is not an advice. With the bullish flag forming, it's only a matter of time before XRP EXPLODES! I do not want to miss that just because I took in a small profit of 50%. Yes I said it, 50% is a small profit given the volatility, potential, and historical events of the crypto space.
I stalk these charts day and night. I am Balanar the night stalker!!
Thanks for the reponse. Fair point but it is still crypto. Technicals matter do matter of course, that is why I make these posts but traditional stock market analysis does not completely apply to it because of how manipulated the market is. Best of luck trading/investing sir.