Fellow crypto market betters,
As you are all aware, daddy Brad announced that XRP case will be dropped and the price jumped from the news alone.
I haven't seen any SEC announcements about the price yet, and today we do have some FOMC decisions coming out.
IN MY OPINION:
1) Be careful with the whole "Buy the rumor, sell the news" dumb money thing.
2) Although price looks like it is going towards target 3, it can still go down depending on what news comes out of FOMC.
News makes analysis a little more difficult because the volume and price action are many times just a "synthetic" data. It goes away pretty quick, and the price goes back to where it is supposed to be.
One interesting data that I kinda don't know what to think about it yet is shown in the charts.
- Both XRP and ADA have broken trend resistances in price and RSI. The pump for ADA wasn't as strong as for XRP so there's still indecision, even with the news pump we had today.
At the end of the day, congratulate your XRP supremacist who've been bothering you for the past 4 years for you to buy XRP and remained faithful through the ups and downs this drama took them.
As you are all aware, daddy Brad announced that XRP case will be dropped and the price jumped from the news alone.
I haven't seen any SEC announcements about the price yet, and today we do have some FOMC decisions coming out.
IN MY OPINION:
1) Be careful with the whole "Buy the rumor, sell the news" dumb money thing.
2) Although price looks like it is going towards target 3, it can still go down depending on what news comes out of FOMC.
News makes analysis a little more difficult because the volume and price action are many times just a "synthetic" data. It goes away pretty quick, and the price goes back to where it is supposed to be.
One interesting data that I kinda don't know what to think about it yet is shown in the charts.
- Both XRP and ADA have broken trend resistances in price and RSI. The pump for ADA wasn't as strong as for XRP so there's still indecision, even with the news pump we had today.
At the end of the day, congratulate your XRP supremacist who've been bothering you for the past 4 years for you to buy XRP and remained faithful through the ups and downs this drama took them.
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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.
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.