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Is $XRP finally done playing games or is this just another trap for the bulls?
The daily chart is looking messy but there is a clear battle happening right now around the 1.39 level. We’ve been stuck in this choppy range since that rejection at 1.51 and it feels like the momentum is just neutral right now.
Support at 1.36 seems to be holding for the moment. We saw a nice little bounce there recently but we need to clear 1.42 with some actual volume to convince me this isn't just going to bleed back down to the 1.31 zone.
If we can't sustain this move and close a daily candle above the recent local high, I’m expecting more sideways boring price action or a slow grind down. It's one of those spots where you either wait for a breakout or just sit on your hands.
I'm leaning towards a bit more consolidation before the next real move. Patience is hard when the market is this slow but jumping in here feels like flipping a coin.
#USSeeksStrategicBitcoinReserve