Hey there, a quick look at XRP is revealing a nice 6% gain opportunity with a chance for more if the market keeps trying to get out of the bottom.
If you look at Fred's level 1 lows outlook, a small correction down to 4351 sats levels could bring us a 6% potential gain, given that the following level 1 high of around 4631 sats hit.
This scenario is not unlikely as the market currently is trying to decide where it is heading to and further corrections are for sure possible.
Level 1 lows
Level 1 highs
But there is more: Given that the market tries to get on a bull-run after reaching level 1 highs, we might be facing way larger potential gains up to 5130 sats levels:
Level 2 highs
I strongly recommend to keep watching Fred's Overal Market Fomo Meter as well as XRP's Fomo Meter as this could potentially turn into a massive reversal. If not and it loses momentum, take those 6% (if the level 1 lows hit of course) and move on.
This article has been made with the help of Fred (CoinStudio) and a lot of love.
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