This shows the 2 scenarios I see playing out this month.
I think we fill in the wick towards $0.66 either way, but once we see that we could either:
1. Continue higher breaking $0.80 and moving towards $0.95 - $1
If we see a high timeframe candle closes above the wicks at $0.77 - $0.78
2. Once we retrace back to $0.60, we slowdown again enticing more noobs looking to make a quick buck.
A move back to $0.40 - $0.25 would be a great way to shake out more people who jump back in at $0.60+
The dominance chart also shows the same bullish move coming soon:
Either way $1 - $2+ this year is inevitable at this point and they're rookie numbers.
The use cases behind XRP are needed more than ever during a liquidity crisis.
Once XRP comes to solve the liquidity crisis, supply v demand would make it much higher than $1 - $2
I think we fill in the wick towards $0.66 either way, but once we see that we could either:
1. Continue higher breaking $0.80 and moving towards $0.95 - $1
If we see a high timeframe candle closes above the wicks at $0.77 - $0.78
2. Once we retrace back to $0.60, we slowdown again enticing more noobs looking to make a quick buck.
A move back to $0.40 - $0.25 would be a great way to shake out more people who jump back in at $0.60+
The dominance chart also shows the same bullish move coming soon:
Either way $1 - $2+ this year is inevitable at this point and they're rookie numbers.
The use cases behind XRP are needed more than ever during a liquidity crisis.
Once XRP comes to solve the liquidity crisis, supply v demand would make it much higher than $1 - $2