XRP | Second Wind or PUMP AND DUMP !!

XRP is on another bullish leg at the current moment, moving strongly towards the next resistance zone.

I would however trade with much caution, considering the extreme pump and dump nature of the coin. With high gains in short timeframes, but also massive losses in sort timeframes.

A sharp wick towards the 50d moving averages already shows the buying pressure has likely peaked, even if the price can push higher the XRPUSDT test of the 50d MA is an early sign that bullish pressure is on its last leg:


I will say this: short term, if you look at the chart, you simply must be bullish. But I still won't touch XRP with a ten foot pole at this price. Other altcoins such as TIA present much better, lower risk entries.

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XRPUSDT