From my history in trading cryptocurrency, XRP has a history of quick pumps, and then dormancy. After XRP rose to 0.45 cents in may 2017, it took 8 months for XRP to rise above their previous all time highs. In my optionion, their is only one factor to trigger a bullish
. As XRP is holding on the 200 day while also being on a fib level, some upside volume
would be very beneficial to XRP. However, I doubt that XRP will get the volume
it needs at this price. I think XRP will have another long dormancy cycle where the coin maintains its USD evaluation, but looses its price in bitcoin
. XRP will follow its past price happen and this could go on for months. I think the time to buy XRP is a few weeks after an altcoin market cycle starts. XRP has consistently been a late bloomer when it comes to price increase compared to other alt-coins. When XRP does pump, It will pump hard.
Feel free to criticize me, I take all of it seriously and with an open mind, Thanks!