XRP / EthereumShort
Now is a great time to sell XRP for ETH
As you can see, XRP has made quite the bullish move vs. Ethereum.
However, I think this price action in the pair is a perfect opportunity to dump a coin with massive dilution problems and a dead narrative for one that will quickly outperform it.
Reasons for being bearish on XRP here
-double top on XRP/ETH pair
-use case for XRP in Defi has been overrun by newer and better projects
-volume and transaction count on XRPL is in a sharp downtrend
-every time XRP has a pump, it retraces the move in short order as whales and Ripple labs dump supply on bagholders/exit liquidity
Reasons for being bullish on ETH here
-ETFs have been approved and accumulation starts soon
-Massive TVL could cause price pressure to escalate
-BTC ETFs pumped Bitcoin over 300%, ETH ETFs aren't priced in at ALL
My targets for Ethereum are $4800, $5300, $7000
Good luck and happy trading!
However, I think this price action in the pair is a perfect opportunity to dump a coin with massive dilution problems and a dead narrative for one that will quickly outperform it.
Reasons for being bearish on XRP here
-double top on XRP/ETH pair
-use case for XRP in Defi has been overrun by newer and better projects
-volume and transaction count on XRPL is in a sharp downtrend
-every time XRP has a pump, it retraces the move in short order as whales and Ripple labs dump supply on bagholders/exit liquidity
Reasons for being bullish on ETH here
-ETFs have been approved and accumulation starts soon
-Massive TVL could cause price pressure to escalate
-BTC ETFs pumped Bitcoin over 300%, ETH ETFs aren't priced in at ALL
My targets for Ethereum are $4800, $5300, $7000
Good luck and happy trading!
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