I think XRP is in the middle of its weekly channel and downward. although it is broken its downward daily trend line , but the momentum of its weekly channel is downward.
It seems at the moment nothing big is going to happen and the trend line is following its weekly channel,
the most interesting point of weekly channel is conjunction with monthly trend line (bottom green line). and it is possible to have the same scenario as we saw in the past (21 july_15 august ,2021).
so actually it is best to wait until 15-20 Dec to see more clear signs.
It seems at the moment nothing big is going to happen and the trend line is following its weekly channel,
the most interesting point of weekly channel is conjunction with monthly trend line (bottom green line). and it is possible to have the same scenario as we saw in the past (21 july_15 august ,2021).
so actually it is best to wait until 15-20 Dec to see more clear signs.
Comment:
After panic sell , XRP is still in its channel :D
