After we break above blue resistence line from where we got rejected two time already. At that point I honestly believe we could just go parabolic after a complete brake through and maybe a retest of that line. It is a pure speculation but we have to take such price movements into a consideration as XRP price is well undervalued for more than 3 months now.
All the weak hands are shaken out at this point, also sec lawsuit has been much more explained in detail by now, that it does not effect current xrp sales, only sales of xrp that have been done by Ripple between 2012-13 so that is another reason why go parabolic in the next few days/weeks as exchanges will start to relist it.
Price could react as it reaches to 0.618 and 0.786 fib. retracement level, which could get back tested once again.
I am not a financial advisor so don't buy anything that a say.
XRPUSD
All the weak hands are shaken out at this point, also sec lawsuit has been much more explained in detail by now, that it does not effect current xrp sales, only sales of xrp that have been done by Ripple between 2012-13 so that is another reason why go parabolic in the next few days/weeks as exchanges will start to relist it.
Price could react as it reaches to 0.618 and 0.786 fib. retracement level, which could get back tested once again.
I am not a financial advisor so don't buy anything that a say.
XRPUSD
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.