XRP Mocking The BullsPrice has hit .45 as discussed in my last post.
Need to regain the .46 region in the next 50 min to have 4hr candle body to respect trend line. If this does not happen we will continue towards .40, possibly stopping at .42. Bulls or bears could make a big move as we flirt with major resistance/support.
Lowest support we could hit while maintaining bullish structure on the daily and weekly timeframes would be .33 - .34 IMO. If this is a reality I see it as a quick wick down and not an area we will spend a lot of time. We are coming out of a two plus year bear market. Even at .45 you still have 100% gains in a very short time.
Savage volatility inbound.
Indesicion
XRP At A Crossroad & The Devil Wants To Deal Needs to break above .52 to begin a new uptrend.
Breaking below .485 could send us towards .45 then .40.
I even can see a case for a retest at .33-.34 in a worst case scenario.
However, if 2017 taught anything is once XRP begins to climb a short strategy is a quick way to get rekt. The true short trade was weeks ago in the .70c region.
Certainly there will be pull backs with volatile opportunities but in regards towards the macro trend I think the party is far from over.
2021 year of global change.
Cash is trash. "They" said it not me.