XRP train about to leave

Discussion in 'Crypto Assets' started by Master Pu, Apr 14, 2023.

  1. High risk, so not put much into it, but worth a punt, $0.526 with stop loss below 0.3 and target of $2.

    Screenshot 2023-04-14 at 12.22.33.png
     
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  2. maxinger

    maxinger

    It seems more like it might go back to .35
     
  3. Sell it then :)
     
  4. easymon1

    easymon1


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  5. rb7

    rb7

    I don't do chart trading, so my question might be dumb, but why are you stating that it should go up?
     
    Master Pu likes this.
  6. Whenever a price of an asset (a digital one in this case, doesn't matter) deviates substantially from ATH, probability starts to favour the upside rather than a continuation of the downside. Price action is reflective of this - multi-month bottoming formation. BTC bottom seems to be in and this confidence will likely add some 'fuel power' to the likes of XRP. It hasn't crashed to $0 during the crypto winter, so it is likely to head up.
     
    rb7 likes this.
  7. easymon1

    easymon1

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    ymmv
     
  8. NoahA

    NoahA

    Although I do have some shit coins I'd like to get rid of so I'm hoping for an altcoin rally as well, I do think that going forward, the alts won't be as strong. In all the previous bull runs, there wasn't the amount of enforcement that there is now. Jesus, they are going after exchanges and banks that service exchanges. Its a much different environment now and I think the only thing that is safe is bitcoin. So although some alts might pump, I doubt it will be to the same degree.

    Ps. I know nothing, so don't listen to me!
     
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