It’s a mess for XRP for the past 3 days. We had seen about a 10% decrease for BTC while a massive 22% for XRP! This could even get worse with the news coming in that the SEC is planning on suing Ripple. Will this be a factor to drive the price further down? I don’t know.
As the RSI just crossed the 50 mark, a sell signal is just initiated. This means that more room to the downside. On the bright side, more discount for XRP right? Be greedy when others are fearful. On the bigger picture, this is just a healthy correction/retracement for the market.
Look for FIB retracement level to buy. We obviously passed through the 0.57 and 0.505 levels and currently on the way to the 0.439 level. I believe we might even go to the 0.346 level if BTC keeps dropping.
P.S: Bought some at 0.505 and now in the red. Lol.
Entry (BUY)
0.44
0.35
Exit (SELL)
0.54
0.45
I personally DO NOT short trades and I don’t recommend it. That is why I don't publish any SHORTS idea. I trade on the spot market and only buy when my analysis approve. When things go south I will hold to my position for the long-term target.
Disclaimer: This is not financial advice. Please do your own research before making any investment.
As the RSI just crossed the 50 mark, a sell signal is just initiated. This means that more room to the downside. On the bright side, more discount for XRP right? Be greedy when others are fearful. On the bigger picture, this is just a healthy correction/retracement for the market.
Look for FIB retracement level to buy. We obviously passed through the 0.57 and 0.505 levels and currently on the way to the 0.439 level. I believe we might even go to the 0.346 level if BTC keeps dropping.
P.S: Bought some at 0.505 and now in the red. Lol.
Entry (BUY)
0.44
0.35
Exit (SELL)
0.54
0.45
I personally DO NOT short trades and I don’t recommend it. That is why I don't publish any SHORTS idea. I trade on the spot market and only buy when my analysis approve. When things go south I will hold to my position for the long-term target.
Disclaimer: This is not financial advice. Please do your own research before making any investment.