XRP FOREVER BEARISH -- here's why.
01. XRP is a premined coin that they have dumped billions of tokens into the market.
02. 200 EMA is pressing down. Every time it tries to rally, bears get ready to short it to the ground. Sometimes XRP will do a hyperbolic move up because up because of some "bank partnership" news but it always go down again.
03. I will keep shorting XRP. I will short when it does a parabolic pump. To be safe I only short at 4x to prevent liquidation on Bitmex. It still has about18% down to go before it reaching the bottom bottom ... and then we should watch out for a hyperbolic pump up.
02. 200 EMA is pressing down. Every time it tries to rally, bears get ready to short it to the ground. Sometimes XRP will do a hyperbolic move up because up because of some "bank partnership" news but it always go down again.
03. I will keep shorting XRP. I will short when it does a parabolic pump. To be safe I only short at 4x to prevent liquidation on Bitmex. It still has about18% down to go before it reaching the bottom bottom ... and then we should watch out for a hyperbolic pump up.
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