XRP Short Term Reaccumulation Period Likely Happening So, as we are finally in an orbit with our XRP rocket, we might could expect some reaccumulation happening before continuing our journey to the moon. The pattern that has formed as we broken through our blue resistence line (now support), tels me that we could repeat Nov- Dec 2020 price action, minus the dramatic price fall of course. We have to understand that XRP price would already be between $1 - $2 area if sec lawsuit wouldn't happen in Dec, nevertheless here we are waiting for the tears of joy to come.
No one knows how long this reaccumulation period could take, but a think it will happen quicker than it did in dec. as we've already broken through a 2year old resistence line (blue)
The reaccumulation pattern could happen differently than it is shown on the graph, as there are many new people in the space than there was in 4-5 months ago. Whatever it happens i still think that this blue support line will get backtested, but don't take my word for it.
I am not a financial advisor so and nothing here should be taken as a financial advise. Stay safe with your investments.
BITSTAMP:XRPUSD
