One XRP Fractal to Rule Them All
Not much in-depth analysis here as its a fractal that caught my attention. XRP not showing much movement through this entire market uptrend in 2019. ranging within 100% of itself (.26-.45), while other 'major' high caps are anywhere from 3-5x for the most part.
Call it controlled, call it manipulated, it doesn't really matter....it's been here before and we've seen the result. Stoch RSI quick cross down here, showing bleeding to continue for 2-3 months over the summer....history shows that crypto dies during the summer, but LTC halving could generate action prior, although that's likely not going to lead to green market wide without help.
Looking for XRP to bleed down to .26-.28 range over the next few weeks/month and start ramping up here in late Q3/early Q4.
Call it controlled, call it manipulated, it doesn't really matter....it's been here before and we've seen the result. Stoch RSI quick cross down here, showing bleeding to continue for 2-3 months over the summer....history shows that crypto dies during the summer, but LTC halving could generate action prior, although that's likely not going to lead to green market wide without help.
Looking for XRP to bleed down to .26-.28 range over the next few weeks/month and start ramping up here in late Q3/early Q4.
Eric Thies
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