XRP's $2.30 Fakeout: Here's Why It's Still Bullish

  • One of the more interesting movements we have witnessed in recent months was just executed by XRP: a sharp rejection almost immediately after an abrupt aggressive push up to $2.30. If you zoom out and examine the structure, you will see that there is actually a lot to be hopeful about, even though this classic fakeout initially appears to be the beginning of yet another cascade of capitulation.