Despite all of the news & FUD surrounding XRP, I am very bullish here.
XRP has formed what I define as the initial stages of an uptrend. Starting point, Initial Structure High, Outside Return 1, New Structure High.
Outside return 2 pulled back deep into the green support/consolidation zone.
It is likely that Outside return 2 took out the stops that traders would have placed below Outside return 1. This should drive price up in the short-medium term.
This current prize zone is a great buy! But most will be fearful due to the current SEC case against Ripple and exchange de-listings. XRP has held well with all things considered.
Look at the price levels of XRP this morning. Look to me like you were right yesterday. Well done/ Keep inspired and success in 2021.
JohnBat
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i think the same. very strong fundamentals and hudge fear on xrp
DigitalKM
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@JohnBat, So much fear, I love these conditions the most
alvintanwx
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@Michael_KM, looks like we *may* have a reversal!
Andrewcx
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Do you have a target? 😊
DigitalKM
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@Andrewcx, I'm initially targeting $2.75, the move will probably be very impulsive. However, this idea more about investing/accumulating for the long term rather than placing a trade.
Andych99
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@Michael_KM, WHAT. $2.75 or $0.275. How can it go above $1
alvintanwx
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@theseng99, That's the negative sentiment we usually see at market bottoms
DigitalKM
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@alvintanwx, Agreed. This is textbook stuff, I love such opportunities.
DigitalKM
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@Andych99, It went above $1. The Chart was bullish