We shall find out soon enough what is to come of our beloved XRP -
1- the wedge could break on the downside sending price back to $0.15 support
2. the wedge could break to the upside, triggering another song up - move to $0.30 levels
3. price can continue to drift sideways within a tight channel as uncertainty grips the market
Note - keep an eye on bitcoin - since last Friday's sell off, cryptos have become increasingly correlated - not a good sign for market sentiment. If bitcoin falls through the $4,000 levels, this could spook the crypto markets triggering a mass sell-off across the entire asset class.
Either way, next week should be quite interesting. Stay tuned for update
1- the wedge could break on the downside sending price back to $0.15 support
2. the wedge could break to the upside, triggering another song up - move to $0.30 levels
3. price can continue to drift sideways within a tight channel as uncertainty grips the market
Note - keep an eye on bitcoin - since last Friday's sell off, cryptos have become increasingly correlated - not a good sign for market sentiment. If bitcoin falls through the $4,000 levels, this could spook the crypto markets triggering a mass sell-off across the entire asset class.
Either way, next week should be quite interesting. Stay tuned for update