I have a couple of xrp targets if we break through this descending triangle which is a bearish continuation pattern. I have targets ranging between $0.22 and $0.25. We still have negative overall market news on recession and inflation fears along with insolvent cefi platforms that are plaguing the crypto markets. We will most likely find a bottom in crypto during this bear in 2022. I am using the 4 hourly chart with the MA and EMA 200 and 210. We have great current news with the Xrp vs Sec court case but equity and crypto market factors will affect Xrp in short term then a settlemnt will eventually move Xrp into a bull run.
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this descending triangle is now invalidated. A good thing but I am still not convinced a bottom is in for Xrp.
Maybe that was the bottom. Market manipulators love to bounce the market back up when everyone else is super bearish. I’ll do anything for alts to be cheaper
altcoinb
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@down_the_rabbit_hole_XRP, could be but something tells me we will revisit certain previous support and resistance levels before we drop possibly one more time to test a final bottom.