XRP - Short-term dip, long-term rip

21 de jul. de 2024

XRP I'm expecting some consolidation and profit taking before we move higher. I'm looking for some selling action in the short-term (a few days) but overall I see higher prices in the long term (weeks to months). So short term, I'd like to see XRP fall to 0.54 or 0.56, then as momentum comes back to neutral I'd like to see XRP make a test of the 0.62 area again.

22 de jul. de 2024

Trade fechado: objetivo atingido

Welp, sometimes one doesn't always get what they want, XRP didn't consolidate at 0.54 or 0.56, but we did just hit my TP level at 0.62 which I expected later in this week. It's never bad to TP so I partially closed my position which I bought in at around 0.44 (closed 25%). I'm still holding some XRP long but will be tightening my SL here to retain profit.

24 de jul. de 2024

Nota

I traded some XRP for ETH today with the ETF and all happening. It's never wrong to TP, and while I'm doing this, ETH is currently down a bit while XRP is up. I'll be watching both the remainder of the week and possibly moving $$ back and forth between the two - depending on if they are up/down in an inverse fashion.