What an incredible increase in price for XRP/USD! Just over the last 24h we have already seen an increase of 30% in the price. Take the last week and you are witnessing a 75% increase in value. When taking the chart into account, surely this seems impossible to maintain.
However, what is it about XRP this time that makes it feel so different? Is it because it follows the increase of BTC? Is it because of the worldwide increase in the markets after hearing great vaccine news?
So how would you trade this then? Honestly, if you haven't bought XRP I would still say you are too late. A buy now would simply be FOMO. It is best to wait for a retracement.
However, I'm not necessarily bearish either! I do think that the price can increase by at least another 20%. A value of 50 ct seems very logical looking at horizontal support and resistance zones.
However, what is it about XRP this time that makes it feel so different? Is it because it follows the increase of BTC? Is it because of the worldwide increase in the markets after hearing great vaccine news?
So how would you trade this then? Honestly, if you haven't bought XRP I would still say you are too late. A buy now would simply be FOMO. It is best to wait for a retracement.
However, I'm not necessarily bearish either! I do think that the price can increase by at least another 20%. A value of 50 ct seems very logical looking at horizontal support and resistance zones.
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t.me/Vietnam100eyes
(bášŊt Äᚧu táŧŦ thÃĄng 2 - 2023)