XRP two possible scenarios
I think there are 2 possible scenarios with XRP in the moment.
1. Scenario:
We could do a healthy and steady pullback to the bottom trendline and the 61.8% Fib retracement at around 0.193$.
After that we could consider that the next bullrun is around the corner.
2. Scenario:
Maybe we could do a pullback from now, to retest the 78%-88% Fib retracement + 786 EMA + the upper trendline, followed by a sharp drop to whipe out all FOMO buyers and start instant the new bullrun with as less of them as possible.
I think that Scenario 2 would be more likely and typical for the crypto market.
Lets see what happens now. :)
1. Scenario:
We could do a healthy and steady pullback to the bottom trendline and the 61.8% Fib retracement at around 0.193$.
After that we could consider that the next bullrun is around the corner.
2. Scenario:
Maybe we could do a pullback from now, to retest the 78%-88% Fib retracement + 786 EMA + the upper trendline, followed by a sharp drop to whipe out all FOMO buyers and start instant the new bullrun with as less of them as possible.
I think that Scenario 2 would be more likely and typical for the crypto market.
Lets see what happens now. :)
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