In that case, expect euphoria to take over again.
Even tho I would like price to fall to one of the green marked level (Fib 100% 5v4, 61.8% YvW, 161.8% CvA )
BTCUSD is still the leading force behind all other cryptos, and has still a bit of room to the downside.
Ideally, I would like BTC to fall below the 5000 zone.
If it does, it's taking the other cryptos with it, XRP included.
Therefore, I stopped 3/4 of my sell orders and am on hold for the moment.
For my view to be confirmend I would like price to make some higher highs and higher lows and see the sentiment of retail traders turn totally .
1.20 doesn't seem so bad right now.
BUT, divergence building, therefore I expect price might fall again, hopefully below 0.20 !
Just be prepared if bulls take over from here, so you don't miss this opportunity.
The potential for XRP is very, very real and on its way. This really is a hold coin...I was going to trade it, but I moved everything to my ledger and am just keeping it in cold storage for the next 6 months-2 years. Would have been nice to sell it at .79, but of course, it is not always easy to pinpoint! But we're talking pennies....this coin is worth the tens of dollars, and if all goes according to plan, hundreds...don't take my word for it. Definitely do your due diligence. .20 is a great price, but so is anything under a dollar, really. I mean...look what happened from speculation. Imagine Xrapid going live and the federal institutions using it. Check out Ripple's site, look at the products and their plan. They have a successful platform for banks to use, and it truly shows the coming of crypto real-use cases...I suppose, what I am saying is don't worry about .20, .30, .40...prices are cheap now, regardless. If we can get there, then let's buy! However, we have no idea when all of a sudden, boom...it runs again...
I closed part of my shorts at 0.25 in mid august then closed some more last week and went long at the same time. If price does not go above 0.52 I'll stop my long.