XRP is set to drop. Especially considering the stage of the market as a whole. BTC has been showing us in the last month and a half that HE IS IN CONTROL. BTC is setting up a 5th to drop below our last low ($5800 from the beginning of the month). XRP will follow BTC but XRP doesnt have any levels from around 0.000090 to 0.000075 and then 0.000047. Price movement never change direction out of thin air, when something is dropping it bounce off previous levels from people clearing their orders. This is how the market works. Its how its always been and how it always will be.
XRP was pumped by over 2000% in the matter of a month. That right there alone is a VERY STRONG INDICATOR that the price will need to go down. Think about it Over 100 BILLIONS of USD was injected into XRP. The big boys who injected it into the coin need to sell. They need to lock in their profit. XRP = Banker coin. They are currently working their exits. They're done taking from the poor and filling their pockets so they exit the market making it lose Market cap so by definition lose value. They will drive the price down and down and down until they decide to start injecting BILLIONS into it and drive the price up only to sell it and drive it back down. And so on.
To me, and based off of BTC trend I think the 0.618 FIB(0.00047) is safer. I am a buyer of XRP when it gets to that area and not before BUT we have a strong level at the 0.382FIB (0.0075) and it may very well bounce off of that area. The choices is your.
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XRP was pumped by over 2000% in the matter of a month. That right there alone is a VERY STRONG INDICATOR that the price will need to go down. Think about it Over 100 BILLIONS of USD was injected into XRP. The big boys who injected it into the coin need to sell. They need to lock in their profit. XRP = Banker coin. They are currently working their exits. They're done taking from the poor and filling their pockets so they exit the market making it lose Market cap so by definition lose value. They will drive the price down and down and down until they decide to start injecting BILLIONS into it and drive the price up only to sell it and drive it back down. And so on.
To me, and based off of BTC trend I think the 0.618 FIB(0.00047) is safer. I am a buyer of XRP when it gets to that area and not before BUT we have a strong level at the 0.382FIB (0.0075) and it may very well bounce off of that area. The choices is your.
Follow me on telegram if you want to be updated on this trade.
Like the damn chart if you agree!
