$XRP COULD THIS BE THE MOMENT OF TRUTH WE'RE WAITING FOR?
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My previous analysis on XRP was quite a few weeks ago and because of the consolidation it was getting a bit boring. But here's some alpha about price action when such scenarios get an extended stay.
🎯 The Fair Value Gap
The price was respecting the bullish FVG and at a point though it looked like the FVG may become invalid as the candle looked to close below the box. But the buyers had different plans. That was the point of reversal and the descending trendline is broken today.
Now first things first, the price needs to close above these three points :
✅ The descending trendline
✅ The FVG box &
✅ $0.58 The immediate resistance which has been broken but a pullback is happening at the moment.
So the above three will make sure the momentum remains for the next part of the upside journey.
Also, it's been almost a month since the Golden Cross occurred. Today the price broke above all the moving averages and trading comfortably above the 200MA which is a crucial level.
Even the other side of the coin is showing bullish signs. Considering none of the levels are breached today and a long wick small body green candle is formed, it still shows that the buyers are in strength and in the next few days there could be a big explosion.
So Fam this could be your last opportunity.
*This is not investment advice. Please do your own research before taking any trade.
