Morteza-Emzajerdi

XRPUSD: Accumulation is Seen?

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BITSTAMP:XRPUSD   リップル/米ドル
Some might say XRP is going to hell. That does not seem to be true. Reasons?
1. Technically
- Weekly RSI (2) is representing Strength Accumulation since 16 Mar 20 to 04 Jan 21 (294 Days of accumulation)
- Smart Money does not step in until cowards are expelled out. That is how ACCUMULATION works.

2. Fundamentally:
- The company is not dependent only on XRP. They are performing in many other Banking & Transactional playgrounds.
- The sue case with SEC will be settled. That's what businessmen are capable of doing anyhow.
- Deep plunge is a chance & not a threat.
- News is backing up fundamental reasons I have enumerated.

A death Frog can manage to jump out, since pessimists cannot change his mind!
Regards,
Morteza
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