XRP TRADING BULLISHLY AND LOOKING LIKE IT WONT STOP
The xrp price has traded very bullishly since late march and about two days ago it broke out off the bearish signals that have been pestering investors the last 3 weeks or so. XRP is nearing the resistance level that shoved the pice back down to $0.40 but that is still up from the start back in march. traditionally the Whales look to make about 7% before starting to sell off the big lots of xrp they bought when the bullish trading signals started. With XRP shoot up above $0.47 it started showing some potential growth possibly in its way if its not already here.
WHALES BUYING STACKS OF XRP RECENTLY WHERE ARE THEY LOOKING TO CASH IN AND SELL A TON OF COINS DROPPING THE PRICE
It has been a whale frenzy with approximately $26 million $ worth of xrp being bought by big whales. With some of these whales having Milli ns of xrp coins. The whales normally buy alot of coins and target a 7% return before selling the coins again. but at $0.50 that is allready looking possible. But in the last 48 about 14million xrp coins where bought buy a few accounts. The signals are showing a easy reach to the major resistance level that has dropped the price nearly back to pre march levels. This however seems to have a huge extra group of support pushing the price back above $0.50. And the whales are looking to reach about $.052 before selling and counting their profits.
SEC VS XRP. SOME RUMOURS HAVE SURFACED YET THERES ALOT TO LOOK AT
Even though there has been some exciting price levels with More bullish than not this is solely due to the massive whale and xrp community support. The fact that the price rose above 0.50 can mean the whales will be happy and sell after making the 7% that traditionally are what investors are seeking before selling. But there have been some talk about the case coming to an emd iin the next few weeks. This means that the price rise we have been having is solely due to the Whales buyiing up everything. This could and most probably will trigger a mass buy off . That could put the price up above the $0.60 range before the court case has come to a conclusion. That could see the price shoot up with no clear idea where it will end. Ripple has made alot of things happen abroad with the sec case making it more difficult for them to distribute the xrp coin in and around the USA. With countries with agreements using some oof ripple services just not usin xrp to facilitate these other transactions. With a big victory over the Hinman speech and other files it has become known that even the sec thought that ETH dont classify as a security back in 2018 and XRP even less than ETH. This has seen the xrp price move alot due to any news about Ripple labs and others.
FINAL TRADING THOUGHTS
Well despite the bullish signals and the knowledge that the price could easily reach the top 3 crypto currencies. Being number 7 or 8 at the moment the coin could easily reclaim the highest ranking once held. Then about two days ago the coin as been trending poorly being at a negative of -80 when the price was shoot to $0.52 price range . This shoows that the coin is undervalued and not very well known. The US market would really be a huge factor once the sec case is finished. But from r nw id start my trade at about $0.495 and not let it drop below $0.48 cause that could drop it doown to the closest support that could turn resistance at the $0.45 range. But breaking through the $0.52 range will trigger a bullish jump thanks to the whales that will bring the coin above $0.60 before the court case is concluded.
Please remember this is not financial advise and im not a financial advisor. all information is researched by my self . that means you should do the same before investing and never invest with out seeing a qualified financial advisor. this article is solely for entertainment purposes.
Thats it from me Derbycuzxrp till next time
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