Technical analysis by Jayed about Symbol XRP: Buy recommendation (12/3/2024)

XRP has just broken below this movement's supporting Trend line, showing a sign of weakness after an already historic rally, climbing from 7 year depths to just shy of it's ATH within just a month. The question now is if what we're seeing now is the start of a dead cat bounce, that will see XRP return to retest $2.00. Or, perhaps XRP bulls are just taking a pitstop to eat the Bear's lunch, before blasting off to Mars! Personally, I'm long. What about you?