✴️ XRP | Gauging Strength | Insider Trading

8 giu 2023

When in doubt, look at XRPUSD; why?
Because it has been leading the market.

After 11-May XRPUSD has been growing while other Altcoins are lagging behind.

When I see a drop and I become scared I quickly open up the XRP chart, if the price looks good, I know that we are still on track to continue up. If the price drops I would start to reassess everything... Why? Because XRP moved first and what one does, the rest tends follow.



Now, let's gauge its strength.

I mapped the Fibonacci retracement tool for the two last bullish waves. Ever since 11-May, XRPUSD hasn't touched a single one of these levels.

On the 5th June, a market shakeout was initiated by some unrelated news. XRPUSD dropped as expected but failed to test the Fib. 0.382, which is a signal of massive strength.

The current price trades above 0.53300 while the highest close happened at 0.53537. If XRPUSD produces a new high based on candle close, thats a signal of strength, a very subtle signal but it helps you to clear out any doubts that you might have about the other pairs.

It is all a patience game.
I am using EOS in a similar way as XRP right now and Bitcoin of course.

While there is fear and uncertainty going on around, $26,500+ is actually really, really strong. Remember, we were below 18K just six months ago.

We are set to move beyond 40K and complete the best wave since 2021.

I am gauging XRPs strength, it should drop a little bit when Bitcoin goes up.

There is a lot of insider trading on this pair, so watch out what this one does.

If these people are buying, they know something we don't know.

But I can speculate, they more likely think we are going up.

No surprise, everything is pointing up!

Namaste.