ITMFOREX

Ripple Long Term Bearish Idea

Long
KRAKEN:XRPUSD   XRP
Yesterday the 20th December we saw a huge day for Ripple as it broke the $1 mark which is extremely encouraging. However yesterday we heard the devostating news that the coin exchange 'Youbit' was subject to a cyber attack - This saw huge declines today (21st December) all across the cryptocurrency market. A combination of people offloading their profits before Christmas arrives and negative news across all cryptocurrencies has seen Ripple drop as low as 0.5. As i write this article we are currently sitting at 0.92 So if there is any time as good as any to invest in a crypto, it would have to be ripple and try your best to get it before $1! Safe trading

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