Long: XRP Rejects the current .20-.35 range and runs to the .58 Cents before direction needs to be reassessed.
Entry: Between .20-.35
Stop loss: .05
Theroetical End of trade:$1
Technical End of trade: .60
Short: XRP continues to decrease in value until falls into the .20-.35 range for an indefinite amount of time. There is no perceived long term short outlook for XRP
Fundamental Outlook:
Given the good press of Ripple Labs V SEC. Ripple appears to be building a good reputation which appears to have yet to be priced into XRP and may never be. Further details and a definite outcome regarding the fate of Ripple Labs and XRP might be the main determinate for its next bull run. Should a good outcome be produced Ripple will have become the first centralized Cryptocurrency development company to have succeeded in a court of law against Federal Regulation on the main stream stage. In addition, Ripple as a company which is not directly synonymous with XRP continues to work on furthering their business development and growth despite all obstacles.
Disclaimer: This is not financial advised and should be treated as a thesis based on the opinion of a hobbyist investor.
Entry: Between .20-.35
Stop loss: .05
Theroetical End of trade:$1
Technical End of trade: .60
Short: XRP continues to decrease in value until falls into the .20-.35 range for an indefinite amount of time. There is no perceived long term short outlook for XRP
Fundamental Outlook:
Given the good press of Ripple Labs V SEC. Ripple appears to be building a good reputation which appears to have yet to be priced into XRP and may never be. Further details and a definite outcome regarding the fate of Ripple Labs and XRP might be the main determinate for its next bull run. Should a good outcome be produced Ripple will have become the first centralized Cryptocurrency development company to have succeeded in a court of law against Federal Regulation on the main stream stage. In addition, Ripple as a company which is not directly synonymous with XRP continues to work on furthering their business development and growth despite all obstacles.
Disclaimer: This is not financial advised and should be treated as a thesis based on the opinion of a hobbyist investor.