Redrawing the XRP support and starting over
XRP has gone through some twists and turns lately. Sometimes it helps to clear out what you thought you knew about a current trend and redraw lines.
I have a new support. It does not start with the initial increase on the 17th of September. Rather, it starts from the pause before the big surge on the 19th of september.
As you can see, if this is XRP's support, then we are probably at a good opportunity to buy. XRP may make one more attempt to cross the support in the near future. If it fails, then you will see a surge in price for XRP, much like you saw the mini-surge on Halloween, when it tested this support.
In addition, this may be the completion of an ascending triangle formation.
This is my opinion, of course.
I have a new support. It does not start with the initial increase on the 17th of September. Rather, it starts from the pause before the big surge on the 19th of september.
As you can see, if this is XRP's support, then we are probably at a good opportunity to buy. XRP may make one more attempt to cross the support in the near future. If it fails, then you will see a surge in price for XRP, much like you saw the mini-surge on Halloween, when it tested this support.
In addition, this may be the completion of an ascending triangle formation.
This is my opinion, of course.
We have reached that support. Now XRP decides whether to go up or down.