XRP On the Daily : BORING with a little BORING on the side!
XRP has been comfortable trading just above the $.30 price level. The volume is low but consistent with the overall crypto-market. If you follow me you know I really like XRP. it's cheap, hanging around its lows and trading very stable. I am bullish on XRP for 2019. I can't see it trading as high as $1.00 because there are just too many XRP out there. But if there is more widespread use of this crypto, you never know.
Outlook: Based on the sideways trading, I have to consider this NEUTRAL. I don't see anything happening here unless the big dog BTC makes a move. The entire crypto-market is in a lul. I normally review the 4-Hr chart, but there has been little to no excitement in this space. So I threw in a daily for your review.
I recommend you hold some XRP as part of your crypto holdings. How much depends on your risk tolerance. Always dollar-cost-average into your position and buy when people are selling and sell when people are buying always keeping some on the table for the long-term.
If you can buy under $.30, I would do it all day! If you find my simple analysis helps your due diligence, leave a thumbs up. Don't forget to follow me on Twitter for my latest updates.
Best,
Biff
Outlook: Based on the sideways trading, I have to consider this NEUTRAL. I don't see anything happening here unless the big dog BTC makes a move. The entire crypto-market is in a lul. I normally review the 4-Hr chart, but there has been little to no excitement in this space. So I threw in a daily for your review.
I recommend you hold some XRP as part of your crypto holdings. How much depends on your risk tolerance. Always dollar-cost-average into your position and buy when people are selling and sell when people are buying always keeping some on the table for the long-term.
If you can buy under $.30, I would do it all day! If you find my simple analysis helps your due diligence, leave a thumbs up. Don't forget to follow me on Twitter for my latest updates.
Best,
Biff
