If we look at the bigger picture, we just tested the upper trendline, which was formed until 2017 at 0,47$ now.
The bottom trendline is a very strong support, which aligns now at about 0,31$.
For a bull market we HAVE TO close above of 0,47$. The best scenario would be a closure of a weekly candle to confirm the bull market of XRP.
And we should also consider the worst scenario, that we could touch in a very quick move again the currently ground zero at 0,25$.
For now I would say: Stay calm and be patient. Dont open trades until we have a clear confirmation of a weekly candle over 0,47$.
The bottom trendline is a very strong support, which aligns now at about 0,31$.
For a bull market we HAVE TO close above of 0,47$. The best scenario would be a closure of a weekly candle to confirm the bull market of XRP.
And we should also consider the worst scenario, that we could touch in a very quick move again the currently ground zero at 0,25$.
For now I would say: Stay calm and be patient. Dont open trades until we have a clear confirmation of a weekly candle over 0,47$.