The trend is your friend. Conservative (blue) trend projects upwards by mid month after correction hits support band.
Generous (other blue) trend projects upwards very soon. Very soon to moon.
If price slips into red flag area, abandon ship!
XRP is a long-term bet. The bulls are circling.
Generous (other blue) trend projects upwards very soon. Very soon to moon.
If price slips into red flag area, abandon ship!
XRP is a long-term bet. The bulls are circling.
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Crucial note: Coinmarketcap caused panic, hence why there are two trend lines here; focal point being sudden extreme dip on Jan 10th. I am of the feeling XRP bulls will ignore broken trend it caused, due to it only being CMC removing an outlier in their API, knowing it caused a temp. panic selloff. The generous trend thus corrects for that, which means "sooner moon".
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Looks like there have two two major diversions. Epic times for cryptocurrencies and especially XRP right now. We bounced at the lower support ~1.6 (expected) but then nearly broke through to a severe downtrend, then BOOM, market changing event brings it right back up into the rocket zone, pushed down again slightly only by downwards top pressure (red). What a rollercoaster at the moment! And yet miraculously, we are on track...
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Looks like there's $2 support now... cross fingers ladies and gents, we might be entering the rocket zone, but a dip is still possible. Watch for if/when we cross the red downards pressure line.
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Not looking good I'm afraid folks! But not over yet. Bearly getting out of the warning area (red flag). We broke downwards top pressure but support isn't holding and it's a dive into chaos. If we can go up and hold over $2 we'll be safe and ready for lift-off. Final bull-bear battle underway; let's see if the whole market corrects.
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On a knife edge! Is XRP trying to get back into historical up trend?
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RED FLAG! Abandon for now... watch to see what happens. Danger zone! Sorry people.
