Just need to correct some people on here, here is a chart reading lesson for those who don't get the indicators RSI and Stoch. the 4HR isn't overbought. literally less than 2 weeks ago, we had a similar level on the stoch and rsi chart just before we shot from 2.11 to 2.5 for a 17% gain as pointed out by the first set of blue arrows.
Those same signs are shoing up now as pointed out on the current candle structure.
When you se the stoch falling, as circled here, the rsi dip below the yellow average line and that same line reject the 70 rsi zone, THAT is when the bears are in control as seen by the fall after that. if you think were heading for a drop then wait for bearish signs.
Please educate yourselves on how to read charts before saying something on here or your going to screw over a lot of people or teach them wrong things.
Not saying we cant drop to a higher low, back down to 2.39. but consolidating below a resistance (2.5) isnt always a bad thing, usually it what happens before you break up above it and use it for support.
XRPBTC appears to be attempting to rise against Bitcoin, so exercise caution. Even if Bitcoin experiences a significant drop, trading XRP could result in a loss of Bitcoin value. However, I am holding on to this position because I believe we will perform exceptionally well in mid-February!
The most important chart is this BTC pair, we are right under resistance on the USD chart, but had already broken out of the BTC pair, touched the range VAH and are finding support on the POC. might still fall back to the VAL in a few days where it will correlate with the old resistance. from there or here, we NEED to break out vs BTC or we still have time before new ATH and the 5$ level. BTC might run to 112k to 120k while XRP stalls leading to the decline on the btc pair before lift off.
This needs to blow past the .00003 sat level for us to run to 0.000048 sats which would get us to 4-7$ depending on Btc Price
XRPBTC The price action of XRPBTC in December and January has formed a bull flag, and we have just reached the bottom of the flag, indicating an imminent reversal! 🚀