XRP- Who likes sideways? 😴

14 בדצמ׳ 2020

For XRP the 49.99 is Bad news

Sorry again my Ripple fanatics; I speak what I see and my output is more on the negative side at this point in time.
The price is under the 0.50 psychological support and I foresee that it can likely drop more.

Why ?

Well first, the AirDROP effect is finished but the price did not rise back up.
Secondly because there is NO volatility (going sideways in a boring way now isn't it?🥱😴 plus we pay swaps and overnight fees on our positions, brokers love that shit)
Thirdly because it all smells fishy right now:

It's kind of like the 'Xmas Special' of the financial markets:

''Ladies and Gents,
This Xmas buy RIPPLE XRP,
the new Bitcoin is here,
banks love it,
come get rich with cryptocurrencies,
don't miss out like you missed on Bitcoin (you can't buy that one no more it's too expensive for skinny ass)
but you still can get the XRP
NOW FOR THE PRICE OF 49.99
(usually items that are sold like that on Xmas season end up being on sale for 20% less after-Xmas sales)

PS. No news is BAD NEWS in this case. What can save Ripple short-term Longs now is only NEWS!
Good Financial Headline News, from banks and institutions, about how Ripple is good and how their bank will use Ripple and how Christine Lagarde and Chucjk Norris are investing in it. Ripple is out of fuel and the fuel in this industry is NEWS..

So, NO NEWS is BAD NEWS in this case.