Hello everyone. This market is looking so incredible I just had to post. If you're not adding to your XRP position, you seriously need to look at yourself in the mirror and ask yourself why not. Awesome descending wedge will force alot of people's hands in the coming weeks. BTC is consolidating nicely. Hopefully, we'll get another little riser, then a nice bounce back off of $6K This market sure looks a ton like 2014, so be ready for more downside. On 5-28 XRP had a nice bank off the 30 RSI in the .54¢ range, rolled up and over for the next two weeks, and now has rolled down and up gently with no sell pressure. The play right now is purely for accumulation. Buy a healthy position and hold for another good move to .90¢ or more, then set trailing stops after that on support and resistance levels as it moves up. At this price level I'm not worried about it going down any further. If it does, keep buying proportionally heavier to the downward movement within your budget. $1.00 here is really the key psychological level. Once $1.00 becomes support again, I think things will continue to heat up, especially if BTC moves up and finds support in the $12K to $13K range. If you want to really swing trade this, then get in now below .54¢ with a tight stop set at .50¢. But I think a swing trade right now could be tough with the traditional markets teetering, venturing into new territory on how a downward spiral might affect BTC. The thing with XRP is it's the crypto-asset with the most momentum right now, even though the price doesn't reflect it. SBI exchange with XRP as its main trading pair for up to 14m investors opening up middle of July, "bigger than Coinbase." Only 20K live-testing right now. Everything is switching over to it's production network 1.0.1, with major banks going live production Q3 & Q4 . Ruminations of XRP becoming the federal reserve standard by 2020. Codius, Xpring, and Coil. Hopefully, it will be classified as a security, making institutional investing in the near future much easier. Coinbase seeks SEC license and custody license??? All the banking and money transfer partnerships. And, the big dog... Ripple the company, NASDAQ IPO offering! A year? Two? Trust me, there's alot I'm not listing here. Amazon, anyone? And, if you got 55 minutes to spare, and you really want to know about XRP, check out Susie Crew, Esoteric Trading Solutions, on Youtube. Watch the one titled, $334. As XRP ramps up, I'll post sell stops in the future based on the technicals. I highly recommend NOT to hodl after $1.00.
-- Get $ome!
-- Get $ome!