The most safe way to invest in this asset is just to go short, with SL slightly above the top and TP at the lowest line.
Riding the 5 wave structure is possible, but very risky. Those corrections tend to be very violent and it is hard to predict proper stop loss levels. But I do recommend it for more advanced traders.
We will see corrective movement to around 1.96, then we will go down. Depending on the movement XRP will reach either 1.27 or 1.06.
It's just too much of rumor to follow to aid your analysis.
And at the very end of this year i will drink a pint of beer! Happy New Year!
When I told my broker when BTC was around 17000 and rising that I will short it, he said 'Are you crazy, but the news say so and so'. :P
Happy New Year man and good trading next year.
BUT Imo coinbase wont take xrp because it doesnt really fit the criteria of coins they usually take (not a real decentralized coin).
XRP got way ahead of itself on rumors and then it took on a little more steam than it shoulda.
I see it at a 1.60 ish by monday , maybe lower.
Billions upon Billions of coin in reserve + billions trading..... with the banker promise of dumping more and more coins every so often ... billions at a time?
How is a coin supposed to have a sustained rise in price when the bankers are essentially promising to dump billions of coins every month into circulation?
Honestly? explain it to me people? ;) Supply/Demand = Price, just because its encrypted doesnt mean it can violate the laws of economics.
it will go up much more but we will wait