As general trends extend, the period in which retracements/breakouts occur extend as well. This can consistently be seen with Bitcoin and many others coins that have stood the test of time. So far, there have been three long periods where Ripple has retraced. This first period consisted of 12 red weekly candles, followed by green. The second period consisted of 14 red weekly candles, followed by green. The third period, the one we are in now, is currently on its 16th red weekly candle. You tell me what comes next :)
PS: I absolutely hate XRP/Ripple as a cryptocurrency. This is purely speculation best on a trend that has existed since the inception of Ripple. A lot of people can draw the lines in the chart and guess that a reversal is coming. This is merely confirmation to me.
PS: I absolutely hate XRP/Ripple as a cryptocurrency. This is purely speculation best on a trend that has existed since the inception of Ripple. A lot of people can draw the lines in the chart and guess that a reversal is coming. This is merely confirmation to me.
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