I am new to trading so don't take this too seriously, and leave a comment with any tips.
XRP volume shows a steady increase from end of 11. Feb to its last peak on 14. Feb, and then a slow and gradual decrease from last price peak to now with a decreasing slope. Made my entry at XRPUSD-0.282 in hopes that the price will stabilize up to account for the volume increase that is stabilizing out to be higher than it was at this price point in the past in conjunction with the possibility (albeit less definitive) for an elliot wave phase 5 high.
XRP volume shows a steady increase from end of 11. Feb to its last peak on 14. Feb, and then a slow and gradual decrease from last price peak to now with a decreasing slope. Made my entry at XRPUSD-0.282 in hopes that the price will stabilize up to account for the volume increase that is stabilizing out to be higher than it was at this price point in the past in conjunction with the possibility (albeit less definitive) for an elliot wave phase 5 high.
Comment:
I do not foresee a high risk for price to dip to the last low of under 0.20. The last week has shown a bearish upwards trend until news broke out about Moneygram shunning Ripple (XRP) in latest settlement product, which shouldn't be enough to cause such a sway in the market. Price was stable notwithstanding, and news about Ripple partnership with Egyptian National Bank still stands.