Interesting to see XRP drop so much the last week due to the news about the filing. Sadder still not have seen a decent bounce. It makes me wonder whether the overall sentiment of XRP is bearish. In any case, there's a potential for a fractal here as described in the image. So, very resrevadly I'd be going long on XRP but absolutely not using this as an opportunity to trade as things seem quite uncertain. Let's await confirmation of an overall trend resolution before taking part in XRP.
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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.