XRP Update · What To Expect Short-Term

Retraces should be considered a buy opportunity. It is the only time when prices are not rising. Whenever there is a stop, a retrace, that is an opportunity to enter or buy more before the continuation of the bullish trend.

XRP started its latest major advance 22-June growing for 26 days straight peaking 18-July. there were only two red days in the entire move. This is certainly a strong advance and resulted in a new all-time high. More than 90% growth. After a strong move, there is always a pause, or correction or retrace.

A retrace can last a few days. Seeing this chart, here it can even last for weeks as I see no hurry on this chart. Prices can consolidate at support before the next advance. Some small swings are expected but nothing big and always knowing that the end result will be an advance going further toward $4.44. The bigger picture.

Do not try to SHORT within a retrace or even correction. It can lead to disaster. It is better to wait for support to show up and once confirmed buy LONG. The upside has no limitations while the downside is limited. It is harder and carries more risk, even more now that the market is bullish and people are starting to wake up. People can see the development of a major rise now, people are becoming aware and soon there will be a rush. This rush will fuel the next wave of growth.

XRP can consolidate for a little while after finding support before reaching higher. Market conditions remain strongly bullish for this pair. If support breaks, things can change.

Namaste.