The consolidation pattern is clearly drawing itself, that on top of the double bottom XRP just did on the support level + fibonacci retracement that aligns perfectly. If you bought on the 2.0 dip, the first time or second time, it was good. Now you might have a chance to buy again. It's possible it'll breakout earlier, but before the end of the week XRP will have...
XRP doing a double bottom on a strong support. There is a chance to go deeper, but I think it's likely going upwards.
If not, I suggest waiting for the 15-16th of January for wall street traders to spend their money on it. It'll be cheap and will go back up.
As we can see, the consolidation pattern (triangle) is reaching it's breaking point, and we're currently on the lower part of the triangle, with a little more room to go.
We're also on a fibonacci step, with the next step being exactly the consolidation's bottom support.
I understand this as an opportunity to buy now (good entry point), and set a buy order at...
We see the consolidation (upwards triangle pattern) was ready to be broken, maybe this is just a small glitch, or maybe it broke earlier than expected.
Either way, I'd say hold and don't sell before 450 !
This is highly speculative, but crypto's have been known to simply follow trendlines for a long time now. What happens at the end of this rather abrubt consolidation pattern?
This kind of curve will probably make you think of the words "bubble" ; I hate to think of it, but the trend cannot keep going straight up forever. Or can it ?