-Like Bitcoin Xrp is very reactive with Fibonacci levels
-0.236 was a net stop for this coin
-0.5 was a no pasaran area for this coin
I am remaining neutral right now regarding this coin and the overall Cryptocurrencies market.
Feel free to purchase coins right now, for long term holding only purposes (+2 years minimum, up to 5-10 years), and do not forget this is a very risky market.
If you feel that your nerves are not made to resist to such a volatility, do not trade this market.
This brutal and quick raise that noone anticipated could be a true bull trap, same as the bull trap of April, where again, the 0.236 immediatelly stopped the raise of Xrp value in Usd, where its value went from 0.46$ to 0.96$.
This could be a falling knife.
I am remaining neutral to this coin for the short term.
-0.236 was a net stop for this coin
-0.5 was a no pasaran area for this coin
I am remaining neutral right now regarding this coin and the overall Cryptocurrencies market.
Feel free to purchase coins right now, for long term holding only purposes (+2 years minimum, up to 5-10 years), and do not forget this is a very risky market.
If you feel that your nerves are not made to resist to such a volatility, do not trade this market.
This brutal and quick raise that noone anticipated could be a true bull trap, same as the bull trap of April, where again, the 0.236 immediatelly stopped the raise of Xrp value in Usd, where its value went from 0.46$ to 0.96$.
This could be a falling knife.
I am remaining neutral to this coin for the short term.
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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.
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.