UPDATE: XRP "noy security" reached first target at 0.7018

2023년 7월 14일

XRP formed a large W Formation.

The last update I did was waiting for a breakout. We got the breakout and told you this would be a medium to long term trade.

But this was unexpected.

The price rallied to the first target and even higher.

This was after a judge in the Southern District of New York ruled that it’s “not necessarily a security on its face.

Does this mean XRP and other altcoins may soon be deemed commodities?

Will this change the very essence of crypto currencies face value?

Now I don't know what to do with it.

The trend is up, the confidence is up, but we have seen this before with sudden spikes.

Either it turns into a Bubble, comes down to retest a support or continues up.

I need more data before we can make any decisions.

It's ok to close half positions here, raise stop above breakeven and then let it continue to rally.

What do you think?