I respect everyone's opinion, but as long as XRP broke 3 TREND LINES I personally can't see the price will go up. Maybe it could go up a bit, retesting those trend lines and then continuing the downtrend.
The first trend line (blue) has been broken. If the second (red) trend line will be broken, I personally will look for buying opportunities in the bottom area, between $ 0.15-0.18. In that area there are many SLs that will be. It is not impossible for the price to fall even below $0.15.
This is my opinion, not an investment tip.
As we can see in the picture, a strong price increase awaits us.
1. Bullish divergence on RSI;
2. Ascending wedge formation that was broken;
3. Low breakout volumes.
I believe that from now on there will not be too much negative news until the trial (delistings have already been made, many investors understand that this stage is not one that...
When everyone is scared, buy.
I'm not a big fan of XRP, I'm not paid by anyone, I'm just saying my opinion.
We can see a big manipulation in the chart. Why? After the fall caused by the SEC process, however, the price went up by more than 80% of the minimum. Where does this force come from if this process has weakened investor confidence in this currency?
Guys, IT'S A TRAP! Buy now. The price seems to reject the weekly pivot. Still we have the open price avobe weekly Central Pivot Range, so what we see now is a simple trap to panic the buyers.
This is my opinion, trade on your own risk.
As I said in the analysis posted in the morning, after a fairly large climb, now the price will reach the point where it will have to break the triangle formed on H4.
Also, in the 50-61.8% Fibonacci zone we may have a small pullback, but if the price manages to break the triangle and the H1 candle closes above the $597 price (61.8% Fibonacci), the $ 750 TP would...