XRP reverses negative trend but can it break the resistance?
So the award for the worst performing major (top 50?) crypto of 2019 goes to......XRP!!! Yes XRP the darling of 2017 (best performer with 35000% return in less than a year) has been stuck there at around 30c while all other alts have gone up, up and away. So is this one to forget and move on? Do so and you will really, really really (like #LAMBO really) regret it.
If you know anything there is to know about XRP then you know that it's the 'dark horse' of the crypto community. Whether you agree with the business model or don't is not important. What is important is that this coin has the ability to pull a rabbit out of the hat so quickly that by the time you look to see if it is really there, it's already gone to the moon and is crashing back down. Ooooops you have just missed out on x10 without even using leverage. Don't believe me?
Do you know that XRP hovered around the 20c level for much of 2017? In March 2017 you could buy it for less than 1c. By May/June it was at 40c then it fell to around 20c and stayed there until early December 2017. Exactly one month later it peaked at $3.50. So here is a coin which can turn $1000 into $500,000 in less than one year. More importantly while BTC was steadily climbing higher during the second half of 2017 XRP barely moved. Ring any bells?
If XRP can break through all this resistance between here and 32c we could be in a treat :-)
Remember always DYOR!
If you know anything there is to know about XRP then you know that it's the 'dark horse' of the crypto community. Whether you agree with the business model or don't is not important. What is important is that this coin has the ability to pull a rabbit out of the hat so quickly that by the time you look to see if it is really there, it's already gone to the moon and is crashing back down. Ooooops you have just missed out on x10 without even using leverage. Don't believe me?
Do you know that XRP hovered around the 20c level for much of 2017? In March 2017 you could buy it for less than 1c. By May/June it was at 40c then it fell to around 20c and stayed there until early December 2017. Exactly one month later it peaked at $3.50. So here is a coin which can turn $1000 into $500,000 in less than one year. More importantly while BTC was steadily climbing higher during the second half of 2017 XRP barely moved. Ring any bells?
If XRP can break through all this resistance between here and 32c we could be in a treat :-)
Remember always DYOR!
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