Hi Srezz the target .30 is the final or for the bounce according to available data. The ripple reversed at .29 so it will rise in current run from here or it will be down???
Please reply
Thanks in advance for the great work you do for all of us!
RE: XPR/USD update
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XPR/USD update
I don't have a crystal ball. I can only calculate key braking levels and targets based on volatility. The rest is just speculative personal views and guess work with equal probabilities to materialise.
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My understanding is that based on past variance, the expectation was that XRP would hit the 0.28-0.30 range, which it did -- what happens next, is open again, and we'll need more data points to assess where things might be headed.
Beyond TA, I would be cautioned by the fact that the rally up was driven by >75% of the volume coming from Korean exchanges (https://coinmarketcap.com/currencies/ripple/#markets). Those people like to gamble. :) Which is not to say Ripple isn't good technology or anything -- just that there are a number of factors at play in these swings, all not fully rational.
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We all like to gamble. That's why we're here.
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