TradingShot

XRPUSD Great opportunity could be a little lower

POLONIEX:XRPUSD   XRP / U.S. Dollar
A lot of talk is being done lately on XRP and its recent sharp sell-off that took most traders by surprise. This panic selling is fundamentally driven by the recent news and I believe the tension isn't over yet.

Today I want to focus on the technicals though and the 1W chart. This shows that long-term XRP investors shouldn't panic and this selling was also seen on the previous cycle. In fact it was the last before the massive rally of 2017.

In my opinion there is an opportunity to buy XRP even lower (the current price is good enough as it is for long-term investors), either within the 0.786 - 0.9 Fibonacci retracement level or within the LMACD Buy Zone.

History will repeat itself. Keep a clear head and follow your investment plan.



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Comments

Ripple is a bigger scam than EOS. No need to send followers into a dead coin that will be worthless once SEC send the criminals to jail. If anything can be taken out of this, it is you should never long this pile of junk coin. A short is the best move at anytime on XRP as the execs just continually dump their millions upon million of coins on the market to ensure they keep their homes in Monaco, Aspen, Bahamas and Fiji. Once this coin is delisted off every major exchange it will get forgotten as just another sh#tcoin that creators of, scammed investors out of money.
+11 Reply
stiegner1 HowToBuyBitcoindotnetdotau
@HowToBuyBitcoindotnetdotau, SEC cannot pursue criminal charges
+1 Reply
AFdave HowToBuyBitcoindotnetdotau
comments like this were everywhere in 2017 as well. these people, luckily, never feel embarrassed for making such short sighted foolish comments. they just make excuses for why reality didn't follow their imaginative hopes. and go on talking shit about other things they hate, like tesla's for example. just relax man. it's a solid tried and tested project. offices all over the world with hundreds of employees. it's a civil law suit. hahaha.
+8 Reply
JacintoMonteiro HowToBuyBitcoindotnetdotau
@HowToBuyBitcoindotnetdotau, Or this is just another dirty move of the banks to ensure they clean all weak hands before they jump massively into the market. We all know what this gentlmen with ties and their smart friends are capable of.
+3 Reply

A similar situation for XRP / USD was on 08-09 2018. Pay attention. Super dump + super pump.
+10 Reply
SpartaBTC SpartaBTC
@SpartaBTC, TSLA + CEK +1800%
+5 Reply
I managed to sell XRP while still in profit, but I wouldn't touch it again. This is a risky "invitation" to buy (lower).
+8 Reply
TradingShot Sisif_trader
@Sisif_trader, Crypto trading is risky business by nature.
+12 Reply
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