In this video I review the current price action with the Ripple XRP chart along with the DXY price action. I show various measurements and comparisons on why the DXY must fall at least 17%, which is similar to 2017, which also lead to the greatest cryptocurrency bull run in history. I also review the current price action of XRP and what we are looking for in the short term. We need to breakout from the current price zone, or can expect further consolidation in a Wyckoff accumulation schematic.
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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.