Keys are in MACD signal and orange dot line as RSI trend suport: if it fail, XRP can go the lower lows, if don't scenario will be invalidate.
-SECs lawsuit against Ripple Labs.
-Excessives XRP sales from Brad Gralinghouse, Ripple CEO, who sold millions and millions of units of XRP manipulating de price by volume sales.
NOT FINANCIAL ADVICE!
The black swan bearish scenario will be real if ETH lost his position of better protocol for DeFi infant of Cardano or TRON who have smart contracts too. When I have some gains in some crypto I use a little to buy ETHBEAR leverage as a secure risk mangment. If market crash the position will increase 3x in the oposite of ETH price. I like...
Orange line its an historical support. I think XRP will fly but not this 2021 cause SECs lawsuit. Ripple Labs and its coin XRP are cheap and reliable solution for International payment system being a realistic solution for Central Banks, Comercial Banks and Financials Instutions.
If XR will fly first will go to the hell before skyrocketing...take care with your trades.
Personally I was holding XRP since time ago waiting for bullish explosive movements like 2017 when touches 3 usd per coin. In the other hand have my equity waiting for buy cheap XRP in bearish case. In every case earlier or later XRP will fly.
I Belive XRP wil have another retest of 26-15 zone.
MACD: If cross zero axis suggest bearish bias.
RSI: resistance dot line ( orange) its a RSI rebound zone near to 30 or oversell zone.
In conclusión I was holding and will hold my XRP ( cause its very volatile) but I will be buy much more XRP if retest 0.25-15 zone.
In other facts, tech behind cryptos and...
Next Month ( March 2021) XRP can retest lows in a deep spike on future monthly candle overview. This cause SEC lawsuit will continue and XRP need to defend itselfl In other hand XRP have a very cheap and realize transaction technology which are used by institutions, banks and particulars ( not only traders as Bitcoin and other alts). In the other hand a big BUT in...
Look at MACD, if we cross the zero axis we will see a bigger correction....hope not.
Personally I was holding since months ago and buy some XRP when I consider "cheap". This coin its too volatile, I prefer hold and wait if really GO to the moon, mars and beyond. Don't forget XRP tech is very cheap fand reliable for send money, those characteristics are very...