"Simplicity is the ultimate sophistication."
-Leonardo Da Vinci-
XRP/USD
1. XRP has been looking terrible these last number of weeks due to the SEC lawsuit currently ongoing. We managed to bounce off 0.20$ Support and now we just managed to withstand a fall towards 0.27$.
2. If price can sustain this levels we can expect to continue moving towards next resistance towards 0.46$.
3. Looking for signs of bullish behaviour before jumping into trades right now as we are still expecting Coinbase to halt all trading of XRP on the 19th of this month, something which can signal volatility is incoming, either to the upside or to the downside.
Remember, nobody can predict the price of cryptocurrencies accurately and anybody claiming the opposite is probably trying to claim your attention and your money. Predicting the price of cryptocurrencies is akin to predicting the weather; the further into the future you try to predict, the bigger the deviation and error rate will be. This is due to the fact that in a complex system involving thousands of variables, some which are know and others which remain unknown, an accurate prediction can only happen if every single variable is correctly accounted for.