Hello, Xrp (crypto in general) seems to enter the athmosphere on the way back to reality again soon. XRP tested ATH resistance line 3 times and its propably time to drop hard now as gravity is doing its thing.
Longterm target of shitcoins like XRP is 0.000000
Sell up here as long as you can is my advice.
Best case would be 6-7 cents, worst 3 cents, before again potentially starting a new bullrun with HTF lower highs. Longterm target is 0 tho so propably not even worth buying at these levels.
DYOR.
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3 cents still equals ~1Billion marketcap which is still too much.
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What makes me so sure mostly that the top is already in is the volume in the last months on pairs like bnb/usdt, eth/btc and other. its lowest since 2017! This would make no sense in a bullmarket.
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Bitcoin broke 1st support (propably a good short entry if we see a retest) 2nd support is at 30k. If 30k range breaks we are officially in a bear market.
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Longing XRP literally at 5y resistance is a bad Idea
@tianle03, good luck mate, im rather pessimistic about the current state of crypto as its 90% about hype/speculation and get rich fast schemes/cash grabs/straight scams. no reallife usecases. Just dont forget to only invest what you can afford to loose and you will be fine whatever happens from here.
GoodDux
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Nice higher low… long 👍
Symbio_X
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@GoodDux, but also lower highs and potentialy also soon lower lows..as long you guys only invest what you can afford to loose, its ok. im 100% certain that we are in a bubble and 80% sure that the top already happened.
@Symbio_X, Fundamentally speaking the case schedule was just moved up by judge Torres. Case will be over and done before Christmas and settlement would need to happen before sept 13th. However, we are holding well because .58 cents is strong support of a 2year + accumulation pattern. Holding in the top 10 crypto. We will not break it I guarantee it. Not financial or trading advice.
ScorpionsConsulting
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You clearly haven’t done your dd if you think this will go to .000 haha!
Symbio_X
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@ScorpionsInvestments, whole point of crypto is decentralisation, ripple has like 120 validators which isnt decentral at all. its worth 0 longterm
BitcoinBadass
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Of all the crypto coins XRP is the best place for real world, semaless cross border payments. Its fast, seure & low cost. I've seen the roadshow these guys have taken round the financial institutions are there are a lot of people that think this could be the one to replace all coins. I'm buying in the lows as this will boom. Staying long & retiring in 2025.