-Like Bitcoin Xrp is very reactive with Fibonacci levels
-0.236 was a net stop for this coin
-0.5 was a no pasaran area for this coin
I am remaining neutral right now regarding this coin and the overall Cryptocurrencies market.
Feel free to purchase coins right now, for long term holding only purposes (+2 years minimum, up to 5-10 years), and do not forget this is a very risky market.
If you feel that your nerves are not made to resist to such a volatility, do not trade this market.
This brutal and quick raise that noone anticipated could be a true bull trap, same as the bull trap of April, where again, the 0.236 immediatelly stopped the raise of Xrp value in Usd, where its value went from 0.46$ to 0.96$.
This could be a falling knife.
I am remaining neutral to this coin for the short term.
-0.236 was a net stop for this coin
-0.5 was a no pasaran area for this coin
I am remaining neutral right now regarding this coin and the overall Cryptocurrencies market.
Feel free to purchase coins right now, for long term holding only purposes (+2 years minimum, up to 5-10 years), and do not forget this is a very risky market.
If you feel that your nerves are not made to resist to such a volatility, do not trade this market.
This brutal and quick raise that noone anticipated could be a true bull trap, same as the bull trap of April, where again, the 0.236 immediatelly stopped the raise of Xrp value in Usd, where its value went from 0.46$ to 0.96$.
This could be a falling knife.
I am remaining neutral to this coin for the short term.
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