XRP has been lagging in terms of gains when compared to all the other alt coins, and BTC, which we could consider the index of the whole space.
This isn't great news as what usually happens is that when the index will start to fall, these kinds of instruments will take a bigger hit in proportion to the rest. Reviewing the daily chart however shows it to be in a good technical position, and a late run can't be discounted at this stage. The accumulation range is well defined and there are no follow through on the selling waves that occur as XRP moves up in price. This indicates technical strength.
The risk in entering into a long trade here is extremely minimal and could have some major returns if the accumulation that has occurred translates into fuel for an explosive rise.
This isn't great news as what usually happens is that when the index will start to fall, these kinds of instruments will take a bigger hit in proportion to the rest. Reviewing the daily chart however shows it to be in a good technical position, and a late run can't be discounted at this stage. The accumulation range is well defined and there are no follow through on the selling waves that occur as XRP moves up in price. This indicates technical strength.
The risk in entering into a long trade here is extremely minimal and could have some major returns if the accumulation that has occurred translates into fuel for an explosive rise.