Good news is that 'at least', the 34cents support worked out again.
Bad news is recent failure to rise over 65cents and off course, to make things even worse, it dropped like a knife from there to 34cents.
Ripple is super volatile and the key is patience and trading strategy. personally I like Ripple for it's volatility but the range 34cents to 60cents is a big one and one needs to be mentally prepared to deal with such a trading environment. At this stage i bought at 34 and already taking some profit but I want to see 60 cents again soon and that's when it will be time to attempt a short.
This will continue for as long as the SEC situation exists. It will take time for things to be clear again.
remember my very first post on Ripple XRP: It was not and never will be Bitcoin. Click on play and it will make prefect sense.
Bad news is recent failure to rise over 65cents and off course, to make things even worse, it dropped like a knife from there to 34cents.
Ripple is super volatile and the key is patience and trading strategy. personally I like Ripple for it's volatility but the range 34cents to 60cents is a big one and one needs to be mentally prepared to deal with such a trading environment. At this stage i bought at 34 and already taking some profit but I want to see 60 cents again soon and that's when it will be time to attempt a short.
This will continue for as long as the SEC situation exists. It will take time for things to be clear again.
remember my very first post on Ripple XRP: It was not and never will be Bitcoin. Click on play and it will make prefect sense.
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