Seems like we are all in panic mode again but I dont see anything out of the ordinary but please let me know your thoughts.
(I do however expect an over reaction not a full reversal as there are no signs to indicate one)
Might be a little early to say however I think this is the double top ( on the 15 mi) / the top of the 3rd spike on the head and shoulder pattern.
If we see a downturn to the 61c level then we can look for a great opportunity to short XRP to the 27- 33c levels.
On the other hand if we see market FOMO then we may be able to see a break of ATH.
Taking a look at the immediate weekly candle I think I see a falling tree pattern. Next week or week after.
Confirmation I got from lower timeframes all look to support the view of buying pressure fading out at 60-62.
Happy for some arguments on this one considering the morning stars before.
Hopefully with today SEC news we should see a nice drop in the price to solidify this next move. after a 3 year downtrend in price we can see that XRP is testing its bullish sentiment with this huge formation. I've traced my predictions in blue. Happy for some discussion around this