Overall, I would hope the long term trend line is respected, keeping that overall long term bullish consensus. If broken and price closes below we could be looking at lower levels around 0.27 to 0.28, however, the fact it has bounced gives us a long positive consensus and a good reason to buy the lower prices.
Don't target 'goal' or 'ideal' prices as this gives the community false hope, instead, chart what I think could happen in the short term for potential buying up on price dips. This is because from my understanding the XRPL is adding value over time and being a deflationary asset is inevitably on course.
Fundamentally, the ecosystem of the XRPL is growing, nodes/validators are popping up all over and Ripple's encouragement to use XRP in their latest 4.0 xCurrent update sees more value being added daily. Coil, Xpring and all others are providing a wealth of new developments into the ecosystem. Extremely positive.
Day traders become frustrated with XRP as a lot of the community base their views on a long term basis, if a trader takes this consensus into a daily trading routine they're going to be burnt unless of course that we're on an up day. Instead, my strategy is to be prepared to add capital into my trade account to cover margins and buy up those dips. Using a broker allows me to add leveraged positions and enter negative equity situations as long as the position is managed. I try my best to maintain a 200%+ margin safety net and check balances through the day.
The long term effect with a long consensus eventually puts me into positive equity as the low price buys keep increasing my profitability potential for later gains and partial profit taking. For example, a 10% increase would put me in a significantly better position with the new low price buys as opposed to not having them there at all.
*THIS IS NOT FINANCIAL/TRADING ADVICE OR A RECOMMENDATION AS I AM NOT A FINANCIAL ADVISER! - NONE OF THE ABOVE GUARANTEES A RETURN ON YOUR INVESTMENT!*
If you would like help or general support with your day to day trading visit my associate's web site www.hillsey.london
XRPUSD
Don't target 'goal' or 'ideal' prices as this gives the community false hope, instead, chart what I think could happen in the short term for potential buying up on price dips. This is because from my understanding the XRPL is adding value over time and being a deflationary asset is inevitably on course.
Fundamentally, the ecosystem of the XRPL is growing, nodes/validators are popping up all over and Ripple's encouragement to use XRP in their latest 4.0 xCurrent update sees more value being added daily. Coil, Xpring and all others are providing a wealth of new developments into the ecosystem. Extremely positive.
Day traders become frustrated with XRP as a lot of the community base their views on a long term basis, if a trader takes this consensus into a daily trading routine they're going to be burnt unless of course that we're on an up day. Instead, my strategy is to be prepared to add capital into my trade account to cover margins and buy up those dips. Using a broker allows me to add leveraged positions and enter negative equity situations as long as the position is managed. I try my best to maintain a 200%+ margin safety net and check balances through the day.
The long term effect with a long consensus eventually puts me into positive equity as the low price buys keep increasing my profitability potential for later gains and partial profit taking. For example, a 10% increase would put me in a significantly better position with the new low price buys as opposed to not having them there at all.
*THIS IS NOT FINANCIAL/TRADING ADVICE OR A RECOMMENDATION AS I AM NOT A FINANCIAL ADVISER! - NONE OF THE ABOVE GUARANTEES A RETURN ON YOUR INVESTMENT!*
If you would like help or general support with your day to day trading visit my associate's web site www.hillsey.london
XRPUSD