Technical analysis by theroadtoprofit about Symbol XRP: Buy recommendation (9/21/2022)

I believe we are in a prolonged, multi-asset bear market. With that said we have not had a significant retracement for months. We are overdue both in time and price. A break of the recent lows will do the following: 1. Stop out any currently accumulating bullish positions with stop losses 2. Trigger entries for short sellers expecting a larger downside move (creating liquidity above for buyers) 3. Increase overall fear, making it difficult for retail to buy To me it looks like a perfect storm for price to catapult up to .60+ at which point I would highly recommend taking profits as the aforementioned bear market has not yet ended.