XRP: here or touted but?!

in xrp •  5 years ago 

So, everyone's favorite ripple...Spring, the smell of x - feel? The rocket is about to go to the moon, but...
Not everything is so smooth and clear with this asset as many believe. Why? I'll try to explain. The price of XRP for the first time in a long time broke and secured the trend line, which was held since July 2017. If you look at the recent "bull run" of the crypto-currency market led by bitcoin, you can easily see that the least among the top viola grew XRP. This means only one thing, that sellers this coin more, than buyers, camping on E. demand there is no at all. The price is pressed to an important level-0.29. This is clearly visible on the designated triangle (the goal of which on TA-0.1$). If the price starts to consolidate below this level, the asset may briefly fall to the next level of demand-0.25.
Ripla chart is very similar to the situation with bitcoin (July-November): each rebound from the important level of 6K was less, and what happened next is well known.
Option with long can be considered with current, BUT with sooo short stop on 0.284. The best option for long is to wait for a distinct impulse with an exit for 0.4 and already with support at this level, enter the position with a small volume.
I do not recommend shorting with current ones, it is better to wait for a confident consolidation for 0.29.
In my opinion, the chances of going up are very small, so we focus more on the shorts.
All luck in trade! Always take risks.

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