Negative news often tends to mark pivotal lows within crypto charts, and I don't think this time is any different.
XRP, BTC, ETH, and the rest of the crypto market just experienced extreme fear this week during a quick dump off the back of negative news surrounding the CLARITY Act and the Fed raising interest rates for the first time in years.
Meanwhile, all XRP really did was retest the bottom of the range it reclaimed at the end of last month.
After this moment of panic, we've now watched the crypto market quickly recover, with many assets already exceeding the levels they dumped from to begin with.
Turn off the news. Ignore the headlines.
The charts are all that matter, and right now they're pointing in one direction.
HIGHER! 🚀
XRP/BTC looks INSANELY bullish here imo.
Macro falling wedge break out after a fake break down.
Retest of high time frame horizontal support as well as descending resistance flipped into support from the falling wedge.
Gmgm, market looking good.
XRP, ETH, and BTC all reclaiming ranges before the weekly close this weekend making the move this week potentially a fakeout/deviation before sending higher ✅
They hit the crypto market with maximum fud this week. Clarity Act failed to move forward, seemingly dead in the water and the fed hiked interest rates for the first time in years.