✅$XRP is like the most hated currency in past month but, is it just me that the chart suggest that tehre can be a bull run.
✅Here me out. So, XRP value has been reducing after it got rejected near the SNR level.
✅When it was reaching there has been small candles with very low volume reaching this zone.
✅So, the sellers does not want to push the price down at once beyond the support area because there is a big chance that they may get overwhelmed by the buyers.
✅The sellers may have tested the support zone and today we can see that there is a high chance that those tests may fail because when the price reached the demand level, it has got rejected.
✅It means that the buyers have entered the market and did not allow sellers to push price down any further.
✅If today's candle managed to stay rejected, it can be a good sign of strength and good news for buyers lookiing to enter the market.
✅But there an be a steep mark down of the price to trap sellers in bad positions and also to hunt for stoplosses of small traders.
✅So, manage your risks.
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😇😇tip if you find this information useful in your trading decisions..helps me a lot
