XRP has had a very interesting previous week with beautiful price swings, large buys, positive SEC lawsuit news and it all builds a much stronger XRP than we've previously known.
As XRP is building support and constructing a key level at ~0.76, this seems to be in preparation for an upcoming massive pump that might take XRP to above 1 USD, at least temporarily.
However, XRP is still following Bitcoin biblically, and that has downsides considering the continous downtrend BTC is experiencing. It is highly expected that after the SEC lawsuit is concluded, XRP to gain some more independence from BTC and be able to decide it's own fate, especially if it gets adopted for any type of governmental integration as it's expected with the USA push to ISO 20022
So far, XRP is a great scalping, swing and day trading asset. The 200 EMA is doing it's job to act as support and resistance bringing high levels of predictability.
As XRP is building support and constructing a key level at ~0.76, this seems to be in preparation for an upcoming massive pump that might take XRP to above 1 USD, at least temporarily.
However, XRP is still following Bitcoin biblically, and that has downsides considering the continous downtrend BTC is experiencing. It is highly expected that after the SEC lawsuit is concluded, XRP to gain some more independence from BTC and be able to decide it's own fate, especially if it gets adopted for any type of governmental integration as it's expected with the USA push to ISO 20022
So far, XRP is a great scalping, swing and day trading asset. The 200 EMA is doing it's job to act as support and resistance bringing high levels of predictability.