XRP / USD - A LOT OF UNCERTAINTY IN SHORT TERM - CryptoManiac101
XRP / USD TA
Here we are looking at a descending triangle pattern. In this case it would be more bullish than bearish. Argument for Bitcoin correlation can be made here, which is where our thirty cent support comes in. As Bitcoin is still expected to produce another downtrend to low $3,000 ranges, thirty cent XRP is well in the picture. With that said we would not recommend to sell it at this time as we have numerous events at which Ripple is participating this and next month which may drive the price up in similar way as it did for Tron earlier this month.
Should you buy at current levels?
Personal recommendation is YES, you should have XRP at all times in your portfolios and purpose of these charts on XRP is to provide you with new entry areas for refills before the final push up going into next month.
How long should I be ready to hold XRP for?
This is not a short term trade, that's for sure. Don't even enter it if you don't have patience or new to cryptocurrency. This is a LOW RISK hold for those who plan to hold for 4+ weeks and is HIGH RISK for those looking to get into it for few days.
This chart / description is not meant as a financial advice and is solely our personal view on XRP.
Here we are looking at a descending triangle pattern. In this case it would be more bullish than bearish. Argument for Bitcoin correlation can be made here, which is where our thirty cent support comes in. As Bitcoin is still expected to produce another downtrend to low $3,000 ranges, thirty cent XRP is well in the picture. With that said we would not recommend to sell it at this time as we have numerous events at which Ripple is participating this and next month which may drive the price up in similar way as it did for Tron earlier this month.
Should you buy at current levels?
Personal recommendation is YES, you should have XRP at all times in your portfolios and purpose of these charts on XRP is to provide you with new entry areas for refills before the final push up going into next month.
How long should I be ready to hold XRP for?
This is not a short term trade, that's for sure. Don't even enter it if you don't have patience or new to cryptocurrency. This is a LOW RISK hold for those who plan to hold for 4+ weeks and is HIGH RISK for those looking to get into it for few days.
This chart / description is not meant as a financial advice and is solely our personal view on XRP.
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