Consolidation on XRP. Slight drop then UP.
The consolidation pattern is clearly drawing itself, that on top of the double bottom XRP just did on the support level + fibonacci retracement that aligns perfectly. If you bought on the 2.0 dip, the first time or second time, it was good. Now you might have a chance to buy again. It's possible it'll breakout earlier, but before the end of the week XRP will have to breakout the consolidation, and that's why it will go up between now and then.
Also, lots of wall street traders get their yearly bonus early in january, which is lots of money that will have to go in the market, possibly XRP since it's so cheap.
And to wrap things up, Dimon just said he regretted saying BTC was a fraud (even though they've used blockchain forever, it's pure market manipulation), but that should drive the emotion back in the buying sentiment.
I think the down channel of XRP is really coming to an end, and that it's possible this is the last time we see the 2.0 values.
Also, lots of wall street traders get their yearly bonus early in january, which is lots of money that will have to go in the market, possibly XRP since it's so cheap.
And to wrap things up, Dimon just said he regretted saying BTC was a fraud (even though they've used blockchain forever, it's pure market manipulation), but that should drive the emotion back in the buying sentiment.
I think the down channel of XRP is really coming to an end, and that it's possible this is the last time we see the 2.0 values.
Disclaimer
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.