I am eagerly waiting to see what happens here. Historically, statistically, we should pull back, but I wouldn't be surprised to see the bulls fight to break that downtrend line. If so, it would be a huge movement. If you are already long here, my advice is to skim off the top. If you are thinking about an entry, wait for a daily or weekly close above downtrend resistance before committing to FOMO. Grab some popcorn! Let's wait and see!
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LONG! Press the play button on the chart and tell me that's not the cleanest looking conversion of multi-year downtrend resistance into support you've ever seen. So many people are ignoring XRP and chasing after lower cap altcoins and playing the DeFi boom (including myself). Sleeper coins will catch you off guard if you're not aware of the whole landscape. I've also been seeing a major uptick of comments from depressed XRP bagholders capitulating out and saying they're going to jump into other alt coins.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.