XRPUSD Reversal to $0.50+
XRP has been relatively quiet after the SEC pre-trial hearing that was set for Feb. 22nd. After the case, the price per XRP dropped from 0.57 all the way down to wick the 0.368 level. XRP didn’t see a single candle close underneath the 0.40326 level (I have marked out Santa’s Lair) which equals very bullish momentum.
From here, i’m expecting XRP to regain the monthly support level at 0.479. It has already regained the 0.45 level of support and looks like this momentum is going to continue upwards until it caps out at 0.517 and wicks the downtrend to create the 3rd touch on the trend and confirm it as a proper downtrend.
By the middle of March, XRP should be clearly over 0.479 monthly support and just about ready to breakout of this wedge going long towards the local high and newer highs.
XRP looks like its already bottomed out and now would be a good time to enter long for your position. Just like the famous Warren Buffet quote, be fearful when others are greedy, and greedy when others are fearful, right now everyone is fearful in XRP and not greedy. You should be stacking your bags while the sentiment is low and there is fear in the market, so by the time the market makers reverse the coin on us you are already in a position and chilling on your long making that Easy Loot.
From here, i’m expecting XRP to regain the monthly support level at 0.479. It has already regained the 0.45 level of support and looks like this momentum is going to continue upwards until it caps out at 0.517 and wicks the downtrend to create the 3rd touch on the trend and confirm it as a proper downtrend.
By the middle of March, XRP should be clearly over 0.479 monthly support and just about ready to breakout of this wedge going long towards the local high and newer highs.
XRP looks like its already bottomed out and now would be a good time to enter long for your position. Just like the famous Warren Buffet quote, be fearful when others are greedy, and greedy when others are fearful, right now everyone is fearful in XRP and not greedy. You should be stacking your bags while the sentiment is low and there is fear in the market, so by the time the market makers reverse the coin on us you are already in a position and chilling on your long making that Easy Loot.
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