Honestly, I am not a fan of XRP, but I was looking at this earlier and it looked like it's ripe for another breakout. After I realized that, it popped another 5% so it looks like we might see another pump like the one a few days ago. The MACD on the 4 hour chart is flipping in XRPs favour, but there is still lower volume. More volume and price gains should confirm a breakout.
However, I don't think the technicals tell the full story, as the last XRP pump was due to non-technical reasons as it was the recipient of a lot of hype on Twitter and forums, and what appeared to be coordinated buying. I wouldn't be surprised if a similar situation plays out here.
As always: this is NOT TRADING ADVICE.
Disclosure: I have a long position that settles in USD. I do not hold, nor want to hold, XRP.
However, I don't think the technicals tell the full story, as the last XRP pump was due to non-technical reasons as it was the recipient of a lot of hype on Twitter and forums, and what appeared to be coordinated buying. I wouldn't be surprised if a similar situation plays out here.
As always: this is NOT TRADING ADVICE.
Disclosure: I have a long position that settles in USD. I do not hold, nor want to hold, XRP.
Comment:
Yup, breakout confirmed
Comment:
Looks like it didn't last too long. Take profits triggered and came out with a few bucks.
Comment:
Didn't "pump" per se but has been on an upward trajectory since this post.