Technical analysis (4H):

• My last market report and prediction was correct, and XRP dropped once it hit the ceiling. Has been dropping for 2 days, since, and has been in a consistent downtrend. Possible bottom.
• Broke through into the red channel (on the fib retracement), and has been bouncing in there for a bit. Bottom of channel may be a market bottom, and may act as support.
• MACD showing some indecision.
• RSI showing an oversold market.
• XRP nearly at its lowest of lows, for the past couple months.

Technical analysis (4H):

• Some double-candle [possible] reversal patterns: two haramis and an inside-out pattern.
• Spinning top candle with massive resistance portrayed. Possible reversal.

Fundamental analysis:

• New XRP securities offered in Asia.
• Whales starting XRP hedge funds.

Actions to take (BUY):

• Wait until reversal, or until, and if, XRP hits bottom of red channel (on fib retracement), and wait for bullish confirmation candle(s).
• Pay attention to RSI; wait for it to go back into its "channel."

— Nio Pomilia

All of my market reports, and predictions, are based on prior knowledge of—and sufficient experience with—technical and fundamental analysis, critical thinking, and logic.

Disclaimer: I am not a financial advisor; this is not financial advice. Any losses of yours, I am not reponsible or liable for. I am not recommending that you execute any of the trades or investments that I personally make, neither the ones mentioned of, in my market reports.

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