- Kevin Cage made a tweet recently where he said that the continuous decline in the XRP community is a bullish sign for him.
- Kevin Cage cleared that his investments are targetted at the fundamentals and the Team working on the Project.
- A user also claimed that Alex is using a fake indicator to depict the breakout.
Kevin Cage made a tweet recently where he said that the continuous decline in the XRP community is a bullish sign for him. He went on to mock people who claim that the fall in XRP while other coins are getting stronger means that XRP is a scam.
He cleared that his investments are targetted at the fundamentals and the Team working on the Project. He doesn’t go after pumps, he estimates these events and gets ready for them beforehand.
The original tweet is,
The #XRPCommunity is growing weaker by the day. That's a bullish sign for me.
"BuT wHy ArE oThEr CoInS pUmPiNg?!? $XRP MuSt Be A sCaM."
— Kevin Cage (@Kevin_Cage_) February 10, 2020
A twitter user named Alex Cobb replied with a graph depicting the falling wedge for XRP. He mentioned that the current weekly falling wedge had broken the wedge dating back to ATH.
A falling wedge is a bullish pattern that begins wider at the top and continues to get narrow as it moves towards the base. The price action makes a cone that has a downward slope with the reaction highs and the reaction lows finally converging.
However, this graph didn’t seem to convince a lot of people. One user outright stated that the graph is depicted incorrectly and wanted to know if XRP is going to continue higher.
A user also claimed that Alex is using a fake indicator to depict the breakout. He further stated that Alex needs to use other, more reliable indicators if he wants people to believe him.
However, the majority of the people seemed to be satisfied with the fact that cryptocurrencies are unpredictable. Some even believe that there might be a strong pump in the future, which will improve the condition of the XRP.
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