To follow my precedent post (avalaible on my profile). XRP seems to consolidate near 0.225-0.23 with a corrective triangle. I think for now it is too prematurate to extrapolate the nature of the correction (i.e. flat/ascending/ descending/combination XWY). BUt as for now XRP seems to follow my past TA for the long term. We are engagin sub impulsive wave which normally indicate a greater impulsive wave pattern (go see my long run XRP TA to have a better picture of what im saying) when a currency go through flat correction and engaging an impulse at the end of a major triangle correction.
For a personal point of view i love to buy what people hate i.e. a lot of people bashing XRPin forums like cryptocompare for doing such a slow variation in price since few moths. By seeing the hate we can conclude that a lot of XRP followers have cleared their position but still follow XRP chart. what is very important to take note in this is that these people may at any moment going FOMO in the next impulse by re-enter new position (chain reaction). Normaly these emotions are unbacked fear with non tangible factuals arguments but only daily price performance. This sentiment is very labile in human which can easily turn in favor of XRP as i explained.
I have to say that XRP looks very promising in term of % profit in the mid term run.
Wish you all the best,
Simon
P.S. : i didnt detailed all my analysis so feel free to ask question or post your point of view. You are always welcome by adding new perspective.
For a personal point of view i love to buy what people hate i.e. a lot of people bashing XRPin forums like cryptocompare for doing such a slow variation in price since few moths. By seeing the hate we can conclude that a lot of XRP followers have cleared their position but still follow XRP chart. what is very important to take note in this is that these people may at any moment going FOMO in the next impulse by re-enter new position (chain reaction). Normaly these emotions are unbacked fear with non tangible factuals arguments but only daily price performance. This sentiment is very labile in human which can easily turn in favor of XRP as i explained.
I have to say that XRP looks very promising in term of % profit in the mid term run.
Wish you all the best,
Simon
P.S. : i didnt detailed all my analysis so feel free to ask question or post your point of view. You are always welcome by adding new perspective.