I've been looking at the ideas on the XRPUSD chart today, I really wish I could see what their authors see, with their arrows pointing up at the moon. I really do, being a substantial way down from my entry point, fool that I was.
But all I can observe at the moment is a scallop/saucer with little to no rise in it.
XRP has been skirting the $1 area for a week with about 300 million tokens traded in that time (if that's what the volume charts track). Back on Dec 22/23 there were about 1 billion tokens traded in that range over those two days, and another 800 million on Jan 16/17. I'm guessing that about 1.5 billion tokens will have to be exchanged at current prices before there's any significant price move up or down. At the current trading volume that's going to take at least another week, so I'd expect to see more of the same sideways action in the immediate future. But maybe I'm way off, my crystal ball is a bit cracked since I gave it a good kicking around the room for a few days in early January...
But all I can observe at the moment is a scallop/saucer with little to no rise in it.
XRP has been skirting the $1 area for a week with about 300 million tokens traded in that time (if that's what the volume charts track). Back on Dec 22/23 there were about 1 billion tokens traded in that range over those two days, and another 800 million on Jan 16/17. I'm guessing that about 1.5 billion tokens will have to be exchanged at current prices before there's any significant price move up or down. At the current trading volume that's going to take at least another week, so I'd expect to see more of the same sideways action in the immediate future. But maybe I'm way off, my crystal ball is a bit cracked since I gave it a good kicking around the room for a few days in early January...