Hello everyone!
This is my first crypto idea that I'm publishing and I'm sharing it with you.
Technical analysis:
For the third time, the price is currently heading towards the last support, rebounding from the local downward trend line. If, after rebounding from the 0.8 $ price, xrp dasn't break the trend line, it will drop to the level around $ 0.7 where there is a strong resistance line. Even if the price drops so low, it will still be a higher low than the previous one, which looks really good.
Target Fib 1.618 is pointing at $ 2.87.
Fundamental analysis:
1) On the other hand, I'm very bullish about xrp and I'm not going to sell it until the end of 2022, because during this time there will be a clarification of the SEC lawsuit. The price will shoot a lot when the case will be positive for Ripple.
2) Bitcoin's dominance drops below 40%, which indicates a high probability of starting the altsseason
Personally, I entered the second short-term low at $ 0.81 with a stop loss set at $ 0.8 and another $ 0.7 entry prepared if the order was canceled,
Greetings.
This is my first crypto idea that I'm publishing and I'm sharing it with you.
Technical analysis:
For the third time, the price is currently heading towards the last support, rebounding from the local downward trend line. If, after rebounding from the 0.8 $ price, xrp dasn't break the trend line, it will drop to the level around $ 0.7 where there is a strong resistance line. Even if the price drops so low, it will still be a higher low than the previous one, which looks really good.
Target Fib 1.618 is pointing at $ 2.87.
Fundamental analysis:
1) On the other hand, I'm very bullish about xrp and I'm not going to sell it until the end of 2022, because during this time there will be a clarification of the SEC lawsuit. The price will shoot a lot when the case will be positive for Ripple.
2) Bitcoin's dominance drops below 40%, which indicates a high probability of starting the altsseason
Personally, I entered the second short-term low at $ 0.81 with a stop loss set at $ 0.8 and another $ 0.7 entry prepared if the order was canceled,
Greetings.