🚨 $XRP: SUPER CORRECTION or PREPARING FOR TAKEOFF? 🚀📉
Attention, crypto community! The situation with $XRP is heating up 🔥 and technical analysis is giving us MIXED signals that we cannot ignore.
On one hand, the short-term charts are giving me a bit of a scare 😬 and my economist instincts tell me to watch out for these levels:
"Double Top" pattern around $2.65 (USD, watch out! The original article uses € but I translate for common jargon).
Break of an "ascending wedge".
Some analysts point to a possible drop towards the $1.94 area! 😱
The on-chain metric NUPL is in "denial"... historically, that has preceded drops! 🤕
BUT HOLD ON... ✋ Not everything is FUD!
The LONGER-TERM charts for $XRP are still painting a pretty bullish outlook 🐂.
There is talk of a possible breakout of a GIANT descending wedge with targets of $3.69 for June.
And if we dare to dream (with analysis, of course!), there are projections of $5.24 and even some crazy $17 based on Fibonacci and triangles! 🤩
My Quick Conclusion: Short term has turbulence and possible buying zone for the brave. Long term... the potential is still there!
Now it's your turn:
👇 What are you doing with your $XRP? 👇
A) HODLing to the death 💎🙌
B) Taking some profits just in case 💸
C) Waiting for that dip to reload 🛒
D) Other! Tell me...
⚠️ NOTE: This is my analysis and perspective, NOT financial advice. Always do your own research (DYOR)! #NFA
Comment your move and your prediction for $XRP! 💬
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