☄️We love to see it, XRP has done another insane rally which helped prove our point of this being a critical junction as we posted in the previous idea from yesterday linked below if you want to click on it.
☄️That's the critical junction idea linked up below if you so choose but yeah basically we got what we wanted to see and Bulls ended up winning the fight for that junction causing a breakout in the process which surprisingly extended basically perfect up to our old markings up here of 0.48 and 0.49 with XRP having bounced from my 0.48 mark already once in a signal of support. Here's the one minute chart below:
☄️Be aware though, as always when we get these moves we know what can definitely happen after and how whales love to take advantage of both ends, I would say 0.48 is a stop loss point since we've already used that as support once here so let's set that and 0.50 as the resistance. While it's unlikely we'll see this extend straight up again it's definitely a possibility considering all the news going around but just as that's possible so is the possibility of retracement which usually happens.
☄️Yesterday Goldman Sachs classified XRP and other coins as Cryptocurrencies and well, this can definitely be the impact of such, XRP trading volume is up 1500%. That alongside 12 entities now joining Ripple in it's fight against the SEC and the SEC filing to delay the trial only has things looking less favorable for the SEC by the day but ultimately XRP's holding itself pretty well and support simply continues to grow so that's what we love to see!
☄️Leaving stuff here for now since I do want to rest but if you'd like to leave a like or follow it'd be much appreciated, thank you!
~ Rock '
☄️That's the critical junction idea linked up below if you so choose but yeah basically we got what we wanted to see and Bulls ended up winning the fight for that junction causing a breakout in the process which surprisingly extended basically perfect up to our old markings up here of 0.48 and 0.49 with XRP having bounced from my 0.48 mark already once in a signal of support. Here's the one minute chart below:
☄️Be aware though, as always when we get these moves we know what can definitely happen after and how whales love to take advantage of both ends, I would say 0.48 is a stop loss point since we've already used that as support once here so let's set that and 0.50 as the resistance. While it's unlikely we'll see this extend straight up again it's definitely a possibility considering all the news going around but just as that's possible so is the possibility of retracement which usually happens.
☄️Yesterday Goldman Sachs classified XRP and other coins as Cryptocurrencies and well, this can definitely be the impact of such, XRP trading volume is up 1500%. That alongside 12 entities now joining Ripple in it's fight against the SEC and the SEC filing to delay the trial only has things looking less favorable for the SEC by the day but ultimately XRP's holding itself pretty well and support simply continues to grow so that's what we love to see!
☄️Leaving stuff here for now since I do want to rest but if you'd like to leave a like or follow it'd be much appreciated, thank you!
~ Rock '
