Here I have circled the end of a convergent zone for Xrp which typically will drive the price above 0.50 cents come New Year 2024. There basically will be no room to the downside and initially the potential to the upside is inevitable. Risk to reward comparison is being driven into the green and the sellers will be weeded out. So not much substantial time left for the sellers. No wiggle room left for profit margins in shorts.
So be of good cheer cos this is potentially the last moments (last few months) we'll ever see Xrp under 0.50 cents again.
So be of good cheer cos this is potentially the last moments (last few months) we'll ever see Xrp under 0.50 cents again.
