Hello, Xrp (crypto in general) seems to enter the athmosphere on the way back to reality again soon.
XRP tested ATH resistance line 3 times and its propably time to drop hard now as gravity is doing its thing.
Longterm target of shitcoins like XRP is 0.000000
Sell up here as long as you can is my advice.
Best case would be 6-7 cents, worst 3 cents, before again potentially starting a new bullrun with HTF lower highs.
Longterm target is 0 tho so propably not even worth buying at these levels.
DYOR.
XRP tested ATH resistance line 3 times and its propably time to drop hard now as gravity is doing its thing.
Longterm target of shitcoins like XRP is 0.000000
Sell up here as long as you can is my advice.
Best case would be 6-7 cents, worst 3 cents, before again potentially starting a new bullrun with HTF lower highs.
Longterm target is 0 tho so propably not even worth buying at these levels.
DYOR.
Note
3 cents still equals ~1Billion marketcap which is still too much.Note
What makes me so sure mostly that the top is already in is the volume in the last months on pairs like bnb/usdt, eth/btc and other. its lowest since 2017! This would make no sense in a bullmarket.Note
Bitcoin broke 1st support (propably a good short entry if we see a retest)
2nd support is at 30k.
If 30k range breaks we are officially in a bear market.
Note
Longing XRP literally at 5y resistance is a bad Idea
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.