Now, we can't get other new information from the news because SEC and RippleLab will have their first judge on Feb 22 2021 and they will not announce any valuable updates.
As a trader, we can just watch buyer and seller's trading. I guess many XRP holder sold their plenty of XRPs, literately panic sell. And someone bought their XRPs.
When XRP's price updated lowest price, there was a very big volume with rebound. I hope this was an accumulation of whale or new XRP holders.
These trading make falling wedge pattern, with big-selling and big-buying without big plummet. We need to see the flow of the market.
As a trader, we can just watch buyer and seller's trading. I guess many XRP holder sold their plenty of XRPs, literately panic sell. And someone bought their XRPs.
When XRP's price updated lowest price, there was a very big volume with rebound. I hope this was an accumulation of whale or new XRP holders.
These trading make falling wedge pattern, with big-selling and big-buying without big plummet. We need to see the flow of the market.
Note
There were accumulations with high volume in the box area. I think it is a good sign because XRP is not forgotten for traders. I don't want to say it is the time of buying but, XRP is making a good pattern to raise.Note
Good sign with enough volume. So the next important step is maintaining a price above 0.3 dollars. If it will be, the next target is 0.45 dollars.Trade closed: target reached
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.
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.