XRP proves to be ending with a well-defined "ABCDE" structure, at first hand we can believe that we are entering an "ABC" correction before defining its new trend.
Something very important to take into account is that this token was created for "work" it fulfills a function within its ecosystem and is not to be a "coin" or "pump & dump" token, so in my opinion you have to be very careful with the expectations and future plans, it is enough to take into account the amount of tokens that are in circulation, plus those in reserve.
In my case, this for a long time was a token of "refuge" a safe place for the stability it showed (i'm not a big fan of USDT), now and before these movements it obviously lost that function.
Open to wait for confirmation of the trend to plan something in the future. With a 1hr chart we can see a little more closely how it develops.
Happy New Year!!!
To help me make my decisions, I specified a work zone that limited a security area with Gann 2x1 angle, with the resistance above and a series of supports to protected my position.
(I know that Gann angles are very delicate and that you have to be very careful when drawing them, that is why I use them only as a trend reference.)
Maximum level of protection activated with the three main angles to take care of the profit.
In the update I adjust (tighten) a little the support angle but it is respecting even that. If I had a position in xrp I would not worry as long as it respect the angles. Personally I would not buy now.
Obviously everyone should take their own decisions ... I just do what MY chart tells me.
I'm going to give it time ... there are many other options and I really do not like to try to guess ...
best wishes my friend ..