Not financial advice or anything - just my personal trade. Take profit levels are just projections, I'm going to sell much higher - hoping to dump at least on x2 levels from my entry points.
On the chart, we see two possibilities - ascending triangle and/or a bullish pennant , both of which are bullish formations.
Add the crazy volume from just a few days ago...
XRP is in a very interesting situation - it can either complete forming the inverse H&S or complete forming a descending triangle formation. Assessing both scenarios, by bias is more bearish (60%) than bullish (40%).
TP 1: 0.22
TP 2: 0.18
Lots of smaller players have stuffed their bags in anticipation of the SPARK airdrop.
Most trading volume of the past 10 days happened in the $0.55-$0.62 zone
It only seems logical to take them down 20-30% and have the weak hands pee their pants, then pick up the cheap coins and then do another leg up all the way till $0.94-$1.20, forcing newcomers to FOMO in.
After a 12-month accumulation, it's time for DGB to show some power. This year I don't believe DGB will print a higher high compared to last year, but there will be definitely good growth. I'm long till end May-June.