In this video I analyze the Ripple XRP chart along with the Altcoin market cap chart. We review the volume at reversal points and how this is typically a big indicator when selling has been exhausted when price is in a downward trajectory, or when buying has been exhausted in an upward trajectory. During the latest price action in the XRP price, we can see we have the highest daily volume in HISTORY. It has never been this high before. With the crypto fear and greed index being in extreme fear, investors forget that the tables always change, and we will see extreme greed again. However, it’s hard to see that in moments like these. But we always get through it!
Hi, I am the Blockchain Backer, bringing you the latest crytocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.
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DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions.
