#XRP : Next Price to Go ⁉️
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No new news, but momentum continues…
1️⃣ Technical analysis:
- Breakout above 50-51 cents
- Next resistance level at 56-57 cents
- Retraced after hitting 56-57 cents
2️⃣ Personal trading decision:
- Long position with small size and stop loss at entry
- Reassess at 54.5 cents
3️⃣ Fundamentals:
- Potential SEC settlement could be bullish
- Uncertainty about justification of 50% move
- Caution advised due to insider trading/frontrunning risk
4️⃣ Technical outlook:
- Still bullish with increasing momentum
- Next target: 65 cents (needs open interest increase)
- Possible short-term pullback to 52-53 cents
