XRPUSD - Current viewpoint around XRP and its possible move towards .47$!

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3 years ago

XRP/USD

  1. As we can see on the diagram XRP/USD is currently sitting on top of a weekly support level which has proven to be quite effective at absorbing the downards pressure in the past. This alone can make us more confident in expecting an upwards move within the next few days.

  2. XRP is consolidating a bullish descending triangle which can signal a breakout to the upside towards next resistance levels at 0.47$ or even higher.

  3. If RIPPLE the company can keep providing transparency and complying with the law during this SEC lawsuit we shall see XRP returning to its appreciation path towards 1$ and beyond in the coming months.

Remembernobody 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.

Chad trader from ClearThoughtCrypto

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