XRP Ahead of August 1
Updated
XRP 1HR chart looks bearish for the moment but we did get some nice upward movement the past couple days.
Knowing XRP, it will go all the way back down to test the green support line around 5575 sats and may even dip lower depending on how much disruption comes out of August 1.
I will likely be adding small buys to my position as it dips lower and hopefully get my average price down.
Knowing XRP, it will go all the way back down to test the green support line around 5575 sats and may even dip lower depending on how much disruption comes out of August 1.
I will likely be adding small buys to my position as it dips lower and hopefully get my average price down.
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Someone just sold a bunch of XRP at 5600 out of nowhere - maybe trying to trigger stop-losses and start a panic sell-off?
1HR momentum looks like it may be slowing and MACD is teetering on which way to go. Price might dip way down tonight depending on what happens.
I took some time to adjust my portfolio and prepare for any possibilities, put in stop losses, etc. Also moved some BTC over to Bitfinex to grab some BCH tomorrow - because hey why not?
Anybody else doing things to prepare for tomorrow?
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Note
Woke up this morning to a nice big fat green candle. Hopefully we can sustain the momentum and break out of this bear trend.
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XRP is having a good day - not quite as much gains as other coins, but definitely a welcome change from the never-ending downtrend we were stuck in.
Was able to significantly reduce my base trade price down to 7569 sats, only 1100 sats away from current price, so I should be back in the green in no time if momentum continues.
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Just trying some new charting techniques with fun colors. You can see how MACD and the price levels are correlated with short and long term trends that let you know exactly where the turning points are.
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