TradingWithTheTrend

XRP crash? In the possibilities

Short
BITSTAMP:XRPUSD   XRP / U.S. Dollar
Hi Traders,

On my prior analysis (see related links) I had a probable event that would push ripple price, that trade didn't confirm and the XRP price has made a breakout in a major level. This looks like XRP is making to make wave 5 on the downside and price could reach below 10 cents. I mean I could be wrong, but is it worth it to keep when bitcoin is doing so well and ether is also performing. I always advise crypto investors, do not marry coins.

Would appreciate other traders sharing their ideas in the comments and let me know what you think about fundamentals as it relates to delisting in US markets and SEC decision. It's just worth risking for in my opinion even if SEC ends up not winning whatever appeal Ripple made.

Happy 2021, lets get in strong and aim for higher goals.

Good Luck!!!
Comment: Note that the price may well go up to 0.4292, if that level is broken, I'd have to relook the chart. We are bearish bias on XRP

Comments

RIP
+1 Reply
as usual, premium content here. just like your username, yes this is a trend following setup and looks good to me!
+1 Reply
@TheSignalyst, Thank you, The trend is the friend
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out