If you opened longs in crypto last 48 hours, then this post for you personally! On Thursday afternoon, news came out that inspired optimism in entire crypto world! Ripple won the decision that XRP is not a security. The trial lasted for many years and news, with a superficial analysis, is positive BUT ...
If you look at the POLONIEX:XRPUSDT chart globally, you can see that for every bull market, this coin cannot update its past high. That is, at whatever point you would not buy this coin - you will always be in the drawdawn. It's also funny that social networks are teeming with predictions about $10 XRP 🤡
"Once a year and stick shoots!" 🚀
This saying appeared after one of the XRP pumps. Once a year, this coin shoots and gives the old holders opportunity to break even, simultaneously planting new “long-term investors” into it.
But this coin has another feature! She is one of the horsemen of apocalypse in the crypto market. A few facts:
December 2017: XRP rises by +1229% in a month, once the alt peaks - BINANCE:BTCUSD falls for 451 days with a result of -82%!
September 2018: XRP rises by +172% in a couple of days - after 48 days BINANCE:BTCUSDT falls by -49%!
April 2021: XRP is growing by 244% in a week and at the moment when XRP peaks - BYBIT:BTCUSDT begins a 99-day fall -55%!
What is this? 😳
Magic? Market maker tricks? Whale manipulation? Call it what you will, but fact remains that XRP’s strong rise is a wake-up call that has always turned the crypto market medium-term before!
As past period shows, the stronger pump in XRP, the more painful the subsequent fall in entire crypto market!
But if you want to find more ideas in great companies with high growth potential, welcome to the profile 🎩
Then remember 10 dollars from your viewpoint and its inability. See you by the next Halving.
Dorado_Crypto
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@mortezaemzajerdi there is no halving in xrp, coin supply is controlled by Ripple
Albert-Koka
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100%
Maffboss
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but the future breakout will be massive. With great supportlines at the past highs.
Dorado_Crypto
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@Maffboss look at chart globally. The largest volume profile is at $0.32 - the price will tend to go there. How many people have been buying this coin for many years and sitting at a loss. They will use every opportunity to sell. Think about it.