It is hard to consider whether you should be in the market to purchase XRP. When looking at the current chart, it is clear that price has already bounced off the three months low at $0.39. There was a sharp sell-off at $0.41 on the 4th June which will be the price that XRP will need to break through before you should be looking to buy once again.
The current price is below multiple levels of the monthly VWAP, and until we see the current weekly VWAP on Monday, I would avoid trading XRP. The price will need to move into the value area next week and must maintain a price within or above the value area (Green Area).
WARNING: With the price of XRP dropping by 20% in the last six days, I believe we will slowly move back into the value area. I have never been a big fan of XRP, but sadly, I am holding a lot from 2017 and will continue to monitor its trend. If price breaks below $0.38, then all hell will break loose as the next real buying area would be $0.30.
Check out my blog and remember to like this post :-)
LITTLE BIG MOVEMENT LATEST BLOG POST
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement
The current price is below multiple levels of the monthly VWAP, and until we see the current weekly VWAP on Monday, I would avoid trading XRP. The price will need to move into the value area next week and must maintain a price within or above the value area (Green Area).
WARNING: With the price of XRP dropping by 20% in the last six days, I believe we will slowly move back into the value area. I have never been a big fan of XRP, but sadly, I am holding a lot from 2017 and will continue to monitor its trend. If price breaks below $0.38, then all hell will break loose as the next real buying area would be $0.30.
Check out my blog and remember to like this post :-)
LITTLE BIG MOVEMENT LATEST BLOG POST
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement
