XRP is approaching the support it established at the end of January. If buying returns, XRP should quickly rally back to the $0.9 zone according to Wyckoff theory. However, here it is easy to see a strong selling force to $0.55 or $0.5 before a strong increase to create a beartrap so we need to pay attention to capital management.

♻️Condition : If 1-Day closes ABOVE 0.55$ zone 🔴Buy : 0.6 - 0.55 🔴Sell : 0.7 - 0.8 - 0.9

♻️Condition : If 1-Day closes BELOW 0.55$ zone 🔵Sell : 0.55 🔵Buy : 0.5 - 0.42

📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
 Alert/Action  Notify at Price  Target Price  PnL  Timeline

Total PnL:

  • The XRP Ledger (XRPL) is an open-sourced distributed ledger powered by a network of peer-to-peer servers.
  • XRP is the digital asset native to XRPL. It is designed to function as a bridge currency, with the goal to "power innovative technology across the payments space" and enable "seamless, real-time, final, and cost-effective" global payments.
  • The XRPL also supports IOUs (obligation-like assets), which can represent a large variety assets (e.g. fiat currencies, gold, airline miles, credit card points, and other cryptocurrencies).
  • The XRPL offers a decentralized exchange, allowing for trading of IOUs and XRP. XRPL also offers some smart contract functionality and supports the network-agnostic Interledger Protocol.
  • The supply of XRP is capped at a total of 100 billion XRP, while the available supply of XRP is designed to decrease over time, as the accrued amounts of transaction fees are “destroyed”.
  • XRPL was initially released in 2012 and is maintained by community participants, prominently amongst them the company Ripple, which holds a large amount of XRP that are largely locked up and purpose-bound.