Is XRP ready for growth? Let's figure it out together!
Globally, Ripple is in a uptrend, just like the entire cryptocurrency market. Now it is trying to break through the local resistance and continue growth.
Locally, a pullback down to the nearest liquidity zones (support zones) is possible, after which it will continue its growth.
Why should we pay attention to collecting liquidity? The BIG players who have a lot of capital have to buy an asset, but to do that, they need someone to sell it. By pushing the price down, they collect traders' stop-losses, after that the price continues to rise.
So at this point we can open the most profitable trades!
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
I agree, even after touching the trendline support at $0.83, I believe the demand zone between $0.81-$0.82 can be reached. Thanks for your outlook.
arminSA2
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NO GOOD.SRY
UprisingSoul
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I am hopeful your scenario is realized however, I think the return to test a previous resistance zone model does not necessarily result in a boost in XRP price. I believe that will mostly depend on the strength of the overall crypto market , and the successful resolution of the SEC/XRP case.