Followmytrade

XRP is still a good buy before going up

Panjang
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BINANCE:XRPUSDT   XRP / TetherUS
*Not financial advice*
We need a retracement like in the graph before going up again, expecting a retrace to 0.4 before reaching the next target at 0.59
Volume is low for a big push upward until sentiment turns positive, as the recent dump is fresh on everyone's mind.
On the other side the upward resistance is low, as many positions were automatically liquidated on the dump at higher values.
XRP whales are not interested to dump at this price point, as it will push the coin into the 0,2x range
Supported by pump grups, XRP could explode in the next days, as seen earlier but lets see...
It can rapidly go to above $1 if there is a SEC agreement in 2 weeks
Komen:
Initial idea remains valid
Bullish pennant forming on all the time frames, strong possibility of breakout in the next 3-4 days if not earlier
As written initially, it can go as low as 0.40x before making a big impulse upward
Penafian

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