Ripple Is Overbought

in ripple •  8 years ago 

We published an article 2 days ago when Ripple was likely overbought @ $0.40 and has been driven predominately by pure hype and speculation with little fundamental basis. Since then XRP has fallen about 10%.

Read More: http://coindicator.com/ripple-overbought-overpriced-overvalued/

Update: I anticipate XRP will likely fall further rather than move up and break new highs in the near term. In addition, I expect the negative correlation between many of the alt coin and XRP to persist throughout the week.

Disclosure: I am not a financial adviser and do not currently hold any XRP.

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Nice post. Good to see I'm not the only one that is thinking about this. Sell the coins that you know nothing about. Do proper research on any coin you buy. If the market falls at least you can hold your coins knowing they have a long term future. Personally I always use: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. Check: https://www.coincheckup.com/coins/Ripple#analysis For the Ripple Detailed report