We had a wedge forming in February through to March after which it broke out by 281%. The current wedge has been forming for just shy of a month now. I think we will see further downside before we see the next meaningful rise in the price of XRP.
Trading Signals
The trading signals suggest that XRP could fall to around $1.47 before it completes the wedge pattern.
This whole ripple/SEC case is really testing my patience. Doge is spiking without a use case and little old XRP is desperately looking for regulatory certainty before it can have any meaningful mass adoption by financial institutions.
Hold the faith. We've come this far, give yourself the change to go further.
Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader.
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
Trading Signals
The trading signals suggest that XRP could fall to around $1.47 before it completes the wedge pattern.
This whole ripple/SEC case is really testing my patience. Doge is spiking without a use case and little old XRP is desperately looking for regulatory certainty before it can have any meaningful mass adoption by financial institutions.
Hold the faith. We've come this far, give yourself the change to go further.
Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader.
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
