THE RIPPLE (CRYPTO XRP) PUMP AND DUMP ANALYSIS
Updated
As you can see by the chart- Ripple was a clear pump and dump setup- almost too perfect.
You can see the volume slowly ramp up from virtually nothing, and on the way up various volume "peaks" (buy volume spike until a certain level then an equal sell volume spike). This is the price being, quite literally, artificially pumped. As we reach our final cashout level the market is running on air, and as seen at the top there are multiple empty spikes- a clear indicator the bulls are out of steam and the pump is being distributed. This is the final blow.
One the way down volume falls along with price- the dump is over and all big money is out. You can see small spikes as late money tries to make a bullish play (weirdly at most cashout levels) but obviously getting pummeled. Pump and dump over, rest in piece Ripple.
Until the next pump that is....
SIDE NOTE: Many may jump and say XRP's market cap was too big for a pump and dump. This is false. The market cap was gigantic simply due to the fact XRP is heavily centralized and tons of currency was "produced"... the market cap grew as the pump grew. The market cap correlation (as used with stock pump and dump analysis) cannot be applied to a Crypto like Ripple.
You can see the volume slowly ramp up from virtually nothing, and on the way up various volume "peaks" (buy volume spike until a certain level then an equal sell volume spike). This is the price being, quite literally, artificially pumped. As we reach our final cashout level the market is running on air, and as seen at the top there are multiple empty spikes- a clear indicator the bulls are out of steam and the pump is being distributed. This is the final blow.
One the way down volume falls along with price- the dump is over and all big money is out. You can see small spikes as late money tries to make a bullish play (weirdly at most cashout levels) but obviously getting pummeled. Pump and dump over, rest in piece Ripple.
Until the next pump that is....
SIDE NOTE: Many may jump and say XRP's market cap was too big for a pump and dump. This is false. The market cap was gigantic simply due to the fact XRP is heavily centralized and tons of currency was "produced"... the market cap grew as the pump grew. The market cap correlation (as used with stock pump and dump analysis) cannot be applied to a Crypto like Ripple.
Trade closed manually
This isn't much a trade as it is an analysis- Goodluck to the XRP traders!Note
And people still tried to defend this as something other than it was.Not to say there's not merit to this Crypto, but jeez people look at the chart.
Stay away.
Note
Still check on this chart every once and awhile as a reminder: DON'T FALL VICTIM TO THE MASS OPINION. Crypto experts running with XRP saying it could hit 10, 20, 50, 100 even. Do the research, do the work, and ignore the panic. This was nothing more than speculation and a "pump". Watch for these in the markets, especially new fads like Crypto. This is a constant reminder- never join while something is exploding. It usually doesn't work out in the end.
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