XRP / BitcoinShort
Not looking good for XRP
From my history in trading cryptocurrency, XRP has a history of quick pumps, and then dormancy. After XRP rose to 0.45 cents in may 2017, it took 8 months for XRP to rise above their previous all time highs. In my optionion, their is only one factor to trigger a bullish scenario, volume. As XRP is holding on the 200 day while also being on a fib level, some upside volume would be very beneficial to XRP. However, I doubt that XRP will get the volume it needs at this price. I think XRP will have another long dormancy cycle where the coin maintains its USD evaluation, but looses its price in bitcoin. XRP will follow its past price happen and this could go on for months. I think the time to buy XRP is a few weeks after an altcoin market cycle starts. XRP has consistently been a late bloomer when it comes to price increase compared to other alt-coins. When XRP does pump, It will pump hard.
Feel free to criticize me, I take all of it seriously and with an open mind, Thanks!
Feel free to criticize me, I take all of it seriously and with an open mind, Thanks!
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