This is the consolidation zone. Once it's completed you will see sudden move breaking the previous High. Shorters beware, as that move won't give you breather to square off positon

$XRP Has been testing the 2.7-2.84$ region for a while now, and getting rejected; this usually means it will go down, however i think it actually will continue its bullish momentum until finally breaking through the psychological barriers of 2.84$ and to unprecedented results.

Why?

#1 Very simple, Every time it gets rejected, the buyers force and maintain the price up

#2 A lot of people believe XRP will be used by government agencies or as payment methods in the future, so they are holding onto a lot of XRP.

#3 If the rumors about the banks are true, this means a big chunk of the market would be untradable since it would just be held by banks and other institutions which would drive up the price simply because of supply/demand.

#4 Lots of people keep shorting and getting liquidated because of the continuous support from the bulls. Every few hours there are massive liquidations

What do you guys think? I remain Bullish, but reality will be known once we retest 2.84$ again. So far we have been going as far as 2.78$ only.