Ripple is right now in an Ascending Triangle: We are making Higher Lows, but we have the same Highs,which come in at 60 cents, 0.628 conservatively.
Should we lose the to the downside, this will turn into a more prolonged equilibrium, where we have either 0.535 or 50 cents as the bottom support.
Also, we look at Ripple in direct correlation to Bitcoin , XRPBTC . Bitcoin is right now at critical 6.800 yet again.
Have fun watching! ;)
If we cannot manage to make 0.555 to new Higher Lows, we're looking at 0.535 and respectively 50 cent previous support, which (like I described already) gives us room for further consolidation and a nice equilibrium forming.
So that means two options now: Either the bulls show us some strength from this oversold bounce with clearly moving back into the equilibrium range mid 50ies, or the bounce fades away just like before into a bear flag/descending pattern: yet another bear break of that would be the definitive break of the equilibrium.
Just as the previous Hourly oversold, this is another chance for building a position.
Also clearly broken 4H 12 & 26 EMA. But, much room on the daily EMAs still. As long as we don't see increasing bear volume & breaking the daily EMAs, bulls are still in control.
I have *no idea*, what your game plan or your personal situation is, what your risk appetite is, and most important: if you're a HODLer or a (swing)-trader. As far as 'Wish I'd bought ..' goes, you're FOMOing: I don't think that you're interested as HODLer (otherwise you would'e done your homework already/ would be holding XRP), but it seems you're interested in making money with it only.
Therefore, please be aware that even swing-trading has nothing to do with HODLing, as you're entering the space of casino & probabilities, which could be the wrong department for you. If you want to be a trader, you have much homework to do regarding statistics & probabilities. You have to know your risk2reward, aso.
=> So as far as trading goes on the 4H: We have clear support & resistances for that timeframe, which would effect the daily timeframe maximum. => Technical analysis on the 4H chart cannot predict what the price will be in 2 weeks from now, esp. not with pumps like these going on right now. Either we could be up a huge amount until then, or we could've completely collapsed.
Having said that: The beauty of TA is, that even in those pumps, the moves themselves happen according to the laws of TA, of support & resistance, and of course nice patterns, which we than can be trading, in the same direction with the whales, who are pumping it.