Ripple is a slow one. I've been keeping a keen eye on the market for many hours. Going through, too many, news articles and charts, as I'm sure many of you are too. With that I assume most of us caught onto the bearish-ness of yesterdays trades. I made my escape early, on the 6th however I did have too much hope for the market to jump back up again meaning I couldn't catch all of the glorious winnings.
Falling flat and seemingly dull for the majority of 20:45[UTC] to around 11:00[UTC], XRP took the steering wheel and climbed up ~4% today. As I type this out, XRPUSD is 0.26000.
This to me is a clear sign that we are in this descent triangle that has been holding us for a while now. I feel a strong drop after this dance in 0.26 (That could push us to 0.27 so set those limits), looking to falling to around 0.25 again, and when it will follow that pattern I am seeing a bounce back that will happen, maybe giving us back that sweet our early August 0.3. This time however instead of hitting the graveyard again, XRP is going to rise up 10-13% across a span of around 3days, after breaking 0.3. I know this sounds like mad talk however it all is dependent on the drop to ~0.255. Break that bar, it will surely launch XRP right up there.
Anyway just sharing the news, thought it'd be good to spread.