I will keep this short and sweet. XRP is moving down within red channel lines, towards large green up trend line. My prediction is that XRP will reach the blue box, from there it will make reversal or continue downtrend to lower levels, perhaps as low the .165 support level.
My general sentiment with Ripple is a lot of people feel like they have been burned before with XRP, and will be very hesitant to buy and hold long term. If you are planning to buy and hold long term, I would suggest waiting until the price eventually gets back down around .16.
Ripple has also been known to "fake" break out, so it is crucial to stay off the 5/15 min charts with this, and respect the longer time frame candles such as 4 Hr or 1 Day.
Would love feedback, criticism, comments.
Cheers and happy trading!
My general sentiment with Ripple is a lot of people feel like they have been burned before with XRP, and will be very hesitant to buy and hold long term. If you are planning to buy and hold long term, I would suggest waiting until the price eventually gets back down around .16.
Ripple has also been known to "fake" break out, so it is crucial to stay off the 5/15 min charts with this, and respect the longer time frame candles such as 4 Hr or 1 Day.
Would love feedback, criticism, comments.
Cheers and happy trading!
-machinelearnt