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Open Minded Skeptic
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$XRP
That chart looks eerily similar to the 2017-2018 chart. 🤔
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$XRP It really was a trend reversal but I want to point out that we are at macro resistance right now all the way up to 2.86 level and whales might be preparing to sell the news although there are indications that some whales are planning long term holds. Break and hold above 2.86 = blue sky scenario and double digits is likely in sight. Buying now is risky, make your own calls guys. I have my long term bags and I’m letting them run personally. This will 100% be worth it’s weight in gold someday but we must be wary of the 4 year cycles.
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$XRP trend reversal. Head and shoulders did not complete. Get in hot
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$XRP dump December is on for all the alts that were pumping in November. All the normies are talking about crypto right now which is a bad sign. They are now exit liquidity and we have to wait for them to panic sell. I will be watching carefully because I know for a fact that Xrp broke the symmetrical triangle when it closed above 2 and any dump will be temporary. We are still in a bull market but the money will move around in the interim. This will be a temporary pull back but I honestly hope it’s substantial for my re-entry. Bulls will defend $2 heavily but if it breaks we will have a sharp pull back as the panic selling begins. Lowest possible price? Not lower than $1.10 but I highly doubt it’s going below $1.50 personally. We are witnessing a wave 4 correction that could bounce around 1.90, 1.42ish or as low as $1.10 we need to watch for the reversal. Please note: this is the most unpredictable coin due to the manipulation and could do anything, maybe even another extension of wave 3 but I doubt it. I’m anticipating a bounce below 2 personally. Watch that chart closely for entries.
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$XRP Unfortunately we have a head and shoulders and will drop to lower fibs before we bounce. Support at 2.20 has been tested and temporarily broke, it will be tested again and likely break. This is an unfortunate scenario for XRP holders but if you had your SL just below that 2.20 support then you still have substantial profits from the low. I’ll be watching carefully to buy back in at lower fibs using DCA strategy. A lot has happened that caused this to happen. Whale manipulation, South Korea situation, Margex stealing people’s Xrp and dumping it. Coinbase freezing Xrp longs. You name it, we’ve been attacked from all sides for this entire bull run. You should still have a bag of Xrp that you never sell separate from your trading coins like I do. I will DCA back in at lower fibs. If we break $2 we will go anywhere from 1.50-1.96 and bounce. I am confident $1 will not be broken again and we have to just wait for the dust to settle. Influences using their reach to mass short is also having an affect. The good news? You’ll be able to get Xrp on a discount and the macro targets still stand at 5.85, 13 and potentially 23-27(unlikely) this run and we have the utility run next year to look forward to. It’s important to get out alive in situations like this. My SL was Hit just below local support at 2.20 where I set it because I knew if that broke we were going lower, booked substantial profits which will be reinvested back in. I still have my long term bag aside ready for the future and you should too. For now we wait until the dust settles, that chart is bad and I hope you adjusted your SLs on the way up to protect gains as advised. The battle is over but the war has just begun 😉
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