But technically broke out of a symmetrical triangle and reached the measured move of the triangle. 0.55 is very strong resistance because of the order block.
Formed a perfect bearish gartley so a pullback to 0,37 is expected.
Apparently the telegram group with 50,000 members will pump it again on Monday.
A pump was always in the card but I doubt it can go over 0.55, maximum 0.65, the capital required to move xrp beyond is tremendous.
I am holding some since it was pretty low. Depending on it's movement, I will decide how to deal with BTC :D, because I feel it's doing exactly the opposite. BTC is about to have a double Bottom, and XRP are about to have a double peaks.
nagihatoum
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@mohamedshoier8999, I would never touch xrp. Too many bagholders and volatile. So many other coins that are so easy to long.
@radicalrj, well while xrp was flat, theta, link and dot pumped. Now there is a whole bunch of new lower cap alts that have big pump potential, i cover some everyday. The big play was flipping 0.8 xrp to theta at 0.65 and now it is near $3.
The group did not pump this coin. Despite what coin telegraph feeds you to believe. I know firsthand this is inaccurate.
imagine-k
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@gburg999 there is currently a lot of fomo happening in multiple groups. Unless your in all groups and people’s wallets, it’s impossible for you to know anything first hand. Don’t mean to be disrespectful, however if this turns out to be a huge pump. A lot of people can loose their money, mostly people who can’t really afford it, but are hoping to earn something extra quick.
gburg999
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@imagine42657, no offense taken. Being mentioned, and being a coordinated effort are different. If people are piling money into something because of herd mentalllity, well notucot much you or I can do about it. But to classify this move as being the result of a group schill, like Cointelegraph has, us irresponsible at best.
DavidHali
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That group has already hit the ceiling of 200K members! That is true that XRP would need a lot of capital but XRP should have been at least close to $2 if it was not because of SEC and US exchanges. I say $0.65 is very achievable in the short term and the next target could be the psychological target of $1. A lot of people may consider transferring capital from other coins into XRP