XRP pump: Scenarios, strategy and speculation

By kodi0014 | Get rich or die tradin | 29 Nov 2020


Last post I gave a zone of buying XRP at around 0.45-0.50$ (which I call the orange zone) and at the moment of the post it was around 0.48$ and if you sold it today at this moment, it would have been a 30% increase.

Again the levels, just to have an idea how they align with the moves. You see how the price (where the arrow is) just touched the level of 0.65$ and then it dropped?

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Ok, so enough of that. Time for some speculation, possible scenarios and strategy:21a898a71c8a2f3355a87148113f4f8b987d6c78afacc4cc5f0e695b4e588054.jpeg

- Flare snapshot is on 12th December. It is very possible that accumulation of XRP will push the price higher, until that date.

- A dump can be expected around 13-14 December.

- This can also mean that for us short time traders around here, it is a possibility to take advantage of trading XRP from current levels.

- With Eth2.0 phase rolling out in a few days, the altcoin market can rise (which backs up my first and third point on the list)

- I have been saying this since September, that I expect a crash of the market until December and now that December is a few days away, I am excited to see how all this plays out.

 

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kodi0014
kodi0014

Crypto enthusiast and Investor, sharing my thoughts here.


Get rich or die tradin
Get rich or die tradin

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