SEC news absolutely nuked XRP
My two theories, have a building bear flag so may get a little upside wave followed by a greater downside wave
Or it drops and finds support at 0.24 where it could from a flat bottom triangle - would be quite bullish for XRP
If that level is lost though I think there will be heavy buyers at 0.20 but I would still stay away as it won't climb much higher because of the uncertainty
My advice: don't trade this until the SEC news is sorted as it is very up in the air (very limited evidence) as to whether ripple will win the case or not - looks unlikely ripple will win in all honesty!
My two theories, have a building bear flag so may get a little upside wave followed by a greater downside wave
Or it drops and finds support at 0.24 where it could from a flat bottom triangle - would be quite bullish for XRP
If that level is lost though I think there will be heavy buyers at 0.20 but I would still stay away as it won't climb much higher because of the uncertainty
My advice: don't trade this until the SEC news is sorted as it is very up in the air (very limited evidence) as to whether ripple will win the case or not - looks unlikely ripple will win in all honesty!