XRPUSD - Buliish
Despite all of the news & FUD surrounding XRP, I am very bullish here.
XRP has formed what I define as the initial stages of an uptrend. Starting point, Initial Structure High, Outside Return 1, New Structure High.
Outside return 2 pulled back deep into the green support/consolidation zone.
It is likely that Outside return 2 took out the stops that traders would have placed below Outside return 1. This should drive price up in the short-medium term.
This current prize zone is a great buy! But most will be fearful due to the current SEC case against Ripple and exchange de-listings. XRP has held well with all things considered.
XRP has formed what I define as the initial stages of an uptrend. Starting point, Initial Structure High, Outside Return 1, New Structure High.
Outside return 2 pulled back deep into the green support/consolidation zone.
It is likely that Outside return 2 took out the stops that traders would have placed below Outside return 1. This should drive price up in the short-medium term.
This current prize zone is a great buy! But most will be fearful due to the current SEC case against Ripple and exchange de-listings. XRP has held well with all things considered.
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