So we had a pretty solid 10% move yesterday on the USA waking up to the news that a judge had decreed that there was no reason for exchanges not to be trading in XRP Ripple.
My mental target for taking profit is sitting way up at 0.74 but I think there s a pennant in play and I think the main move will come upon the breakout of the said pennant.
Could it get to the heady heights of 2018 $3 per coin? Of course, so my closing will be on good technical and fundamental evidence which I just don’t have yet. I think the retrace in fact is simply due to lack of volume and squaring up. However, the price could fall to the bottom of the pennant simply because it’s Sunday and there is a lack of volume.
If we see more increased dollar weakness just holding XRP could be very profitable.
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