Meor : have to wait and see when the NYSE opens up in 2 hours, xrp was 8 cents higher than now when it closed for the weekend, plus with the new steel and aluminium tariff that was announced on the weekend

Meor : what if sec proceed and etf rejection?

Meor OP Rich365 : will say nothing i guess, etf being confirmed from a news is an external force i would say. To me, indicators help to see support and resistance associated with supply and demand.
its like property, it’ll appreciate or depreciate depending on location, demand supply, but if news like a newmall or public transport was built like a LRT/MRT/subway station nearby, it would bring the price up, same as ETF being approved will affect price regardless of any indicators.
You could look at pre election, example from my experience, 2022 till election, prices was jumping up and down a few cents from demand. till an external force which is “news” brought it up and if bad news can bring it down.
I know you didnt ask for price but if youd like me to speculate, id say etf approval would push the price to 3 plus, but not higher than 5, until theres more adoption. Not sure if you know but a very important information that i havent seen people post or talk about is potential of  X Money adopting XRP as the currency (X/Twitter partnered up with Visa for X Money), plus Visa has been persueing crypto adoption since 2023
Then Daddy Elon would drive the price up higher, assuming he adopts it

Meor OP Rich365 : offff i hope it does go to 8-10, atleast 7.50 to get a 300% from current price

Meor OP Rich365 : oh yeah, saw you post about your coins accumulation, just curious, why didnt you jump in pre election? like before 2024 it self, would’ve 3-4x the value

Meor OP Rich365 : ahhhh understood, well im glad to see a whale like yourself saying that, its giving quite a confidence boost.

Meor : what time frame? I tried to replicate your wedge under 1hr, the wedge closes in 18 hours, which is exactly Monday morning London Stock exchange