$XRP was once sued by the SEC and almost went bankrupt, but XRP won. There is a saying that when a great task is given to a person, he must first suffer his will, work hard, and starve his body before he can accomplish great things.
Who would have thought that XRP could double by nearly 6 times in just a few months? Who dared to buy XRP before, but now people are rushing to buy XRP.
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Look at the picture: The Fibonacci 1:1 retracement position of XRP at the daily level is 1.58, and the target position of the deep retracement of 1.618 is 1.1.
XRP is decreasing at both the 4-hour level and the daily level, and has not yet created a lower low.
Looking at the daily level alone, XRP seems to be in the M-top pattern at the daily level. If the M-top wants to take shape, it must actually fall below the 2.13 position at the daily level, and the M-top can be formed. Otherwise, it is invalid, just a subjective expectation.
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xrp must break through 2.34 at the 4-hour level to strengthen, and look at the upper target position of 2.52-2.66-2.9.
Otherwise, it will be a 4-hour box shock. The xrp daily level cannot fall below 1.96. Once it falls below 1.96, it will declare the end of this wave of rise and will test 1.81-1.63-1.27.
Then I don’t know how long it will take to consolidate before it can be pulled up again.
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I am more optimistic about the future of xrp, because the only person who hindered xrp has resigned, and there are no obstacles ahead.
Provide several spot points to see the 3 positions marked by red arrows, arrange positions in batches to manage positions, and wait patiently for the position to get on the bus.