XRP is getting crushed. Weekly wedge rejection candle, dump down
Although the whole Crypto markets are dumping with Bitcoin.
The XRP is clearly getting sold off.. rather dumped on the markets.
Probably by new deals from Ripple who get XRP and sell it for Fiat to run new businesses.
Maybe new businesses will use advantages of XRP.
But most of it will be exchanged for Fiat.
As XRP only has a small short quick holding time to exchange this won't drive price up.
Looking for XRP to move lower from here, until weekly outlook changes, this doesn't look good for the XRP holders.
The XRP is clearly getting sold off.. rather dumped on the markets.
Probably by new deals from Ripple who get XRP and sell it for Fiat to run new businesses.
Maybe new businesses will use advantages of XRP.
But most of it will be exchanged for Fiat.
As XRP only has a small short quick holding time to exchange this won't drive price up.
Looking for XRP to move lower from here, until weekly outlook changes, this doesn't look good for the XRP holders.
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