Sometimes you just want to throw your hands up and sell the pants off of a specific asset.
XRP can be one of them.
This is the obvious reaction to the NEWS that a settlement will not be reached by the SEC and Ripple.
Thats fine.
Bags are packed, smoke em' if you got em', because we have plenty of time to get wealthy off of XRP. If nothing else, when it it happens we will have earned it.
Once we hit the .702 Fib well....we'll be on the rise.
Keep in mind, this is the 1 hour chart. On the 4hr there is a bullish pennant inbound. Take it as you will.
XRP won't do squat until we get NEWS...good NEWS on the SEC lawsuit.
Regardless, this is a longterm hold for me. If we dip below $.40 I'm going to accumulate more.
Love it or hate it, XRP has INSTITUTIONAL use...its not going anywhere.
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