As BTCUSD started a new bullish run in recent days, so did altcoins. XRPUSD almost doubled in value in a week and it isn't looking to cool down yet. Reaching first big resistance and going for another one. Bulls are strong and in control, volume is good enough to support upward movement. Remember buy on support and sell on resistance!
Comment and sugestions are welcome!
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Price unsuccessfully tried to breach resistance, gaining some traction maybe trying again.
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While all the other major cryptocurrencies gain value, Ripple is having problem breaching 0.90 level resistance.
XRP is down 83,4% from All time high. Lost a lot of value, but I still think everything will turn eventually. I think opening a position below 1$ is a good entry.
In highly volatile markets like cryptocurrencies you have to put your investment in few times, each time a portion of it. So I am again adding to a position at this point, to maximise profit.
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Even though XRP is going to stated as a security that is good and at least we know what kind of regulation is going to hold for XRP. SEC chairman stated that raising capital to fund projects acts as a securities (Ripple issueing XRPs). Next move is institutional investors coming in with their big bags of money.
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