If the wedge works out, we could see another 281% rise

6 May 2021

We had a wedge forming in February through to March after which it broke out by 281%. The current wedge has been forming for just shy of a month now. I think we will see further downside before we see the next meaningful rise in the price of XRP.

Trading Signals
The trading signals suggest that XRP could fall to around $1.47 before it completes the wedge pattern.

This whole ripple/SEC case is really testing my patience. Doge is spiking without a use case and little old XRP is desperately looking for regulatory certainty before it can have any meaningful mass adoption by financial institutions.
Hold the faith. We've come this far, give yourself the change to go further.

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