michael772

XRP going bearish

Short
BINANCE:XRPUSDT   XRP / TetherUS
Dear Ladies and Gentlemen, I am here to analyse the current market situation and to talk about XRP. The market is going bearish but there is going to be a new peak next week that may turn the market bullish if BTC breaks through the resistance level (check my BTC post). If that happens everything would be fine but it is better to get ready for the worst scenario. The best thing to do is sell all your XRP or maybe half of them if you do not want to risk when it reaches the new peak that is around $1.2. Sell your XRP at such a low price may sound stupid but if the bullish market gets confirmed you do not want to have such a high entrance as $1,6/1.7 do you? Once the market drops and the bearish starts we will go though an up and down phase that is going to last months. That is going to be our chance to farm coins and to increase our portfolio getting ready for the next bullish push !
I hope you are going to follow the chart and not your emotions! Good luck !

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.