Well XRP is a pain, and I hope no one has invested too much money in XRP. From my last analysis, I had stated that I hope we do not close below $0.38, and luckily, we were able to see intense buying pressure at this price to move back to $0.40. Now the aim is to break $0.46, but I can honestly say there is no indication that we have the momentum to reach this price. If you look at the 90-day VWMA we are not far off its current level at $0.40. This substantial consolidation around the VWMA would mean that we need something special to move towards 0.44-0.46.
Conclusion: I am not going to be stupid and give you a price to buy or sell at this point. The 14-day VWAP has started forming a potential downtrend, and if we get to the end of the month lower than the 28-day VWAP, it's not going to be pretty for XRP. Remember XRP is just a token to keep the company Ripple floated lol.
True or false? Let the debate begin ;-)
My essential opinion is that if you believe in the company then purchase more XRP only if price can hold above $0.44.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
Conclusion: I am not going to be stupid and give you a price to buy or sell at this point. The 14-day VWAP has started forming a potential downtrend, and if we get to the end of the month lower than the 28-day VWAP, it's not going to be pretty for XRP. Remember XRP is just a token to keep the company Ripple floated lol.
True or false? Let the debate begin ;-)
My essential opinion is that if you believe in the company then purchase more XRP only if price can hold above $0.44.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
