We have touched and slightly bounced for a channel that was drawn a year ago.
From that last low channel start, we lost more than 30 percent worth of XRP BTC .
Will it bounce right now, yes, for a short time. Will it start a new bull run.
Sure not. Why? Cause we have a ..... wood resistance from here, and we have to breach them and get a bit confirmation that our downtrend has reversed, before we can say: yes, possible bull run.
For an investing perspective, it is time to buy a load of XRP.
Check my profile, go to my twitter , you will find some interesting investing idea, that may come to reality ina next bull run.
That idea will blow your mind for sure.
If we breach 1850, all bull run dreams will fade away.
Right now, aggressive traders may enter with a short SL. But for real: why trade XRP when u can trade BTC?
I will update this idea as I am on leverage investing.
Follow and comment, and come to my twitter
The leverage position has substantial gains.
Leverage traders should move an SL to a no-risk mark.
If there wont be a big BTC move, we should slowly gain a momentum to move up to a resistance line.