↕ 3 significant moves detected
The journey of this coin since we detected it.
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The demand drop is probably short-term rotation out of alts broadly, not a signal that the institutional push is dead, those two things are running on completely different timelines.
Different timelines is exactly the story they sold during the SEC lawsuit, the "future adoption" always lives six to twelve months ahead of where you're actually sitting.
.618 retracement is fine but my backtest says XRP has a habit of slicing through fibs clean and not respecting them until after the fact.
XRP actually respects fibs on the weekly more than people give it credit for, the problem is everyone's drawing from the wrong swing high and then acting surprised when it blows through.
Second act or credits scene, hard to tell
How much of the escrow is actually still locked at this point?
$34 price target and it can't hold a 3% dip so how low are we actually talking before this thing finds its footing?
Dca continues, unaffected.
Daily close still looks soft to me. That $34 target people are throwing around is doing a lot of heavy lifting for a chart that can't hold a weekly level for more than two candles.
XRP, eXtra Rangebound Pain. My portfolio agrees.
fund demand down 94% in a week but ripple out here announcing wall street partnerships like everything is fine bro i've seen this movie and i get liquidated every time
lmaooo okay i was completely off on this one, xrp said "nah" and just sat there while i was out here screaming $34 like a lunatic 💀 fund demand down 94% in a week and i still aped in with the vibes, classic me ser, classic me.
Got my XRP read completely wrong, which honestly tracks, never been great at predicting what a bank coin does.
Ripple "expanding into Wall Street" while the fund demand craters 94% is the most Ripple thing that's ever happened.