Been studying XRP BTC and XRP USD since attempting a small low time frame position the other day.
XRP looks Bearish. Heavily so. A dead cat large sharp bounce is likely soon (it does that), but I see no bottom signals at the moment and am prepared to short a bounce between 8200-8500 Sats.
If the current trend continues on XRP and, whether BTC rises or falls, I believe it likely - XRP will wick down to, or retest at least 6200 sats. I believe 5300 sats to be below or near the bottom.
I plan to attempt a small buy around 6200 sats and open a large position if price reaches as low as 5500 area. Will reassess if price reaches these levels. z
The market can change my mind, but I see no reason to buy any XRP for the long term until a real bottom forms. None has as yet.
XRP looks Bearish. Heavily so. A dead cat large sharp bounce is likely soon (it does that), but I see no bottom signals at the moment and am prepared to short a bounce between 8200-8500 Sats.
If the current trend continues on XRP and, whether BTC rises or falls, I believe it likely - XRP will wick down to, or retest at least 6200 sats. I believe 5300 sats to be below or near the bottom.
I plan to attempt a small buy around 6200 sats and open a large position if price reaches as low as 5500 area. Will reassess if price reaches these levels. z
The market can change my mind, but I see no reason to buy any XRP for the long term until a real bottom forms. None has as yet.
Comment:
I am still bearish on XRP, but just opened a small size (relative to account) Long for a day trade/scalp with a soft TP at or above the level marked. SL is hard at marked level.
Comment:
This position stopped out at the level marked.
I am still looking for a bottom on XRP and have not seen it yet.
Still looking for ideal longs in the marked area
I am still looking for a bottom on XRP and have not seen it yet.
Still looking for ideal longs in the marked area
Comment:
XRP is killing all holders still
Comment:
No one could have seen this coming