Afternoon frens,

If one thing this crypto teaches us is patience, even if we don’t ever profit that has got to be worth something right?

Bullish bias;

XRP is actually ahead of BTC at the moment which is a rare occurrence, not that I’m complaining. At present I am bullish on XRP;

Price rejected the weekly support level @ 0.58 hard and is now slowly creeping up the stairs.

On the daily market structure has been broken and the fibonacci levels have been tested and rejected.

To add to this the EMA’s have crossed over on the daily which is historically bullish .

Price still has a long way to go before fireworks start appearing, however once 0.92 is broken and flipped the enxt target is fib extension at 1. 05 . I expect a slight retrace from this level before we see a move up to 1.30.

Bearish bias;

There is currently a bearish fib in play from the 1.02 high to the local bottom. the .786 resides at circa 0.89. I will watching this level closely. If it holds this confirms bearishness and the bullish bias may be redundant here. If we see the bears take control at this level I expect a weekly retest a “bear” minimum. See what I did there? haha. If falls lower we could see a push to 0.4. This will most likely be the final drop, which will have a lot of weak hands exit the market.

At present I’m sitting on my hands, spot positions were entered a long time ago. I’m simply enjoying the show at this point. I still believe at this price XRP is an excellent spot boy. Especially given it’s utility and use case. It’s not a matter of if it goes, it’s a matter of when.

Have a great day, appreciate you taking the time to check out my TA. Please comments are open, lets discuss 🙂

Cheers,
Prince

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