With BTC on the cusp of a big pump to 30k this weekend, XRP has been pumping hard with purely fundamentals, based around the lawsuit and Gary Gensler begging for more money to run the SEC.
This lawsuit has been consistently predicted to end now or anytime in the future. However, should we DCA in to protect ourselves encase of a pump.
Very strong resistant points for both btc and XRP has been foiled, however xrp had a 30% pump and currently down 14% hitting my first DCA zone :O, its not looking great on the charts ATM maybe zone 2 is hit!
I for one do not want to miss out if we do pump more so I have illustrated my 2 DCA points for XRP. once xrp is past the mid 0.60 cent region we can expect it to pump up towards a 90 cent area before struggling in my opinion, without the news. TPs will be set along the way. However, if news drops that XRP is settled or better has won the entire crypto space will pump with XRP leading.
Other things to consider, Ripples acquaintances within global economic institutions IMF etc, consider the cross boarder routes created, consider SBI testing ripple on FX markets ($6.6 trillion market, ripples forward announcements about developing CBDCS. Will these factor into XRP's price?
I for one will hodl not derivatives trade XRP for the long term (unless big bear market then everything's being sold including my pants)
What do you think?
This lawsuit has been consistently predicted to end now or anytime in the future. However, should we DCA in to protect ourselves encase of a pump.
Very strong resistant points for both btc and XRP has been foiled, however xrp had a 30% pump and currently down 14% hitting my first DCA zone :O, its not looking great on the charts ATM maybe zone 2 is hit!
I for one do not want to miss out if we do pump more so I have illustrated my 2 DCA points for XRP. once xrp is past the mid 0.60 cent region we can expect it to pump up towards a 90 cent area before struggling in my opinion, without the news. TPs will be set along the way. However, if news drops that XRP is settled or better has won the entire crypto space will pump with XRP leading.
Other things to consider, Ripples acquaintances within global economic institutions IMF etc, consider the cross boarder routes created, consider SBI testing ripple on FX markets ($6.6 trillion market, ripples forward announcements about developing CBDCS. Will these factor into XRP's price?
I for one will hodl not derivatives trade XRP for the long term (unless big bear market then everything's being sold including my pants)
What do you think?