"Simplicity is the ultimate sophistication."-Leonardo Da Vinci-
XRP/USD
- With XRP holding previous support levels at 0.21$ we are looking primed for more volatility in the next couple of days.
- Although we have had some sort of bounce at Weekly Support of 0.21$ we are still not in the clear to retest resistances at 0.45$. If no good news come for XRP and RIPPLE the company, expect a big drop in price to previous resistance levels at 0.21$ and 0.19$ or to even lower levels, potentially down to 0.10$.
- Given the current development of the ongoing case against RIPPLE the company we should be very careful when investing in XRP due to the ongoing legal case and its potential to push XRP down before eventually settling to some good news.
- If we can withstand all this pressure and still hold the previous support levels we can expect a big push of XRP towards 0.45$ or even 0.65$ in the coming weeks.
Remember, nobody can predict the price of cryptocurrencies accurately and anybody claiming the opposite is probably trying to claim your attention and your money. Predicting the price of cryptocurrencies is akin to predicting the weather; the further into the future you try to predict, the bigger the deviation and error rate will be. This is due to the fact that in a complex system involving thousands of variables, some which are know and others which remain unknown, an accurate prediction can only happen if every single variable is correctly accounted for.
Chad trader from ClearThoughtCrypto