If you like to trade internet beans, then you already know about the SEC suing Ripple for selling unregistered securities.
If you like high volatility, then you probably trade XRPUSD. I present to you: a short setup.
The Binance indicator isn't always so easy, I believe it's because of the regulatory scrutiny that makes larger players uninterested, and those who are already long interested in exiting their position.
Target is a double bottom for a -25% move down, which is realistic for the current range. Stop is ~$0.31; if direction were to flip bullish the high volatility would make a wider stop needlessly increase loss.
A note on long term price prediction: Japanese company SBI has invested heavily in XRP, and XRP does not face the same issues that it does in the U.S. I don't expect this coin to die and it'd be nice to see what's to come in the future for cryptocurrency being utilized not for speculation or defense against inflation.
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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