For those who have missed Ripple's train and looking for an entry point for cheap Ripple - wait for the support to break. After Ripple breaks the support, it will end up trading around $0.38-$0.35 range (previous supply area).
Best of luck, Abdulla
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Hi guys, just to make it clear, this idea is only valid after a break of support (as mentioned in the chart).
In terms of fundamentals, I think the dip below $0.49 will depend on the upcoming conference with Bill Clinton. XRP has a very strong community, and the Ripple team is becoming sort of a household name in the industry. Unless bitcoin breaks through its support levels, in my opinion, I don't see XRP descending any further. The coin is starting to flex its muscles in its use cases and banks are jumping aboard.
Personally, I'm not going all in yet, but I am buying some at current levels. Be careful out there - there's still a lot of uncertainty.
doolak
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Shukran jazilan, Abdullah! Do you have an idea how it could end up if the support does not break? Any chance to break resistance? Or do you think that it will break for “sure” (inshallah)? Kind regards, doolak
abdullatrader
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@doolak, Thank you :) Of course, there is no 100% certainty in markets, but if support remains strong, then the trend shall continue
GerbenDeZeeuw
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Great to see you back!! That 4.6B pushing XRP over the last 24h. I actually think that the support line is pretty strong and we see another run upwards. I bought at 0.23 so, I just enjoy the right so far.
lgonz13
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@GerbenDeZeeuw, I agree. At this juncture, it's really hard to tell where the price will go because XRP has such a strong support level. In my opinion, the hype/speculation will continue the rally up until the Swell conference.
GerbenDeZeeuw
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@lgonz13, yeah but wouldn't call it FOMO this time. It looks like something real is happening, I mean such a volume, that's not pure retail speculation IMO
Personally, I'm not going all in yet, but I am buying some at current levels. Be careful out there - there's still a lot of uncertainty.