XRP fell to test the daily support trendline that have been trending since March this year.
After touching the trendline each time, the price took 56 days to recover 90% from previous low.
This is a potential scenario that could occur should the price respect the trendline.
__________
That being said, with all the drama going on with the SEC and all the FUD around the market.
It is best to do your own due diligence and enter only if you feel confident and risk only what you can afford.
__________
I personally am confident this whole drama with the SEC would play out in Ripple's favor.
Yet as a trader, We should not get too married to an opinion.
Bulls and Bears make money, Pigs get slaughtered.
After touching the trendline each time, the price took 56 days to recover 90% from previous low.
This is a potential scenario that could occur should the price respect the trendline.
__________
That being said, with all the drama going on with the SEC and all the FUD around the market.
It is best to do your own due diligence and enter only if you feel confident and risk only what you can afford.
__________
I personally am confident this whole drama with the SEC would play out in Ripple's favor.
Yet as a trader, We should not get too married to an opinion.
Bulls and Bears make money, Pigs get slaughtered.