XRP Limbo
How low can it go, XRP can go totally low.
Quite a corrective wave.
We broke out of the closing triangle to the low side.
Assuming this corrective wave pattern we have been in breaks down in similar percentages, we could hit 0.125 to 0.10.
That would put us potentially under the previous March lows of this year (which should act as support)
Support around 0.10 from May 2017 could also end this disastrous fall.
We are currently experiencing a historic shakeout.
When I really try to figure out what’s going on with the news cycle, it always comes back to everything smelling fishy...
Wait for some sort of good news statement from Ripple/SEC to finally mark the bottom.
Single digit XRP price would mark despair... heck, this price already marks despair for most...
Going to be very interesting to look back at this time and see who managed to do well.
Quite a corrective wave.
We broke out of the closing triangle to the low side.
Assuming this corrective wave pattern we have been in breaks down in similar percentages, we could hit 0.125 to 0.10.
That would put us potentially under the previous March lows of this year (which should act as support)
Support around 0.10 from May 2017 could also end this disastrous fall.
We are currently experiencing a historic shakeout.
When I really try to figure out what’s going on with the news cycle, it always comes back to everything smelling fishy...
Wait for some sort of good news statement from Ripple/SEC to finally mark the bottom.
Single digit XRP price would mark despair... heck, this price already marks despair for most...
Going to be very interesting to look back at this time and see who managed to do well.
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