Ripple (XRP) is rising nicely and in an even fashion towards it’s previous high, not too fast and could take a while to get there. I’m expecting a rocky move about 13:30 when Non-Farm Payroll kicks in on the dollar side but it’s quite pleasing to see the currency returning to its bullish move. I always think that when a currency price goes to a certain level you can expect it to go back there. Especially with fair price moving towards it. These big, fast moves are too difficult to trade but there is merit in waiting till the fast move is over and buying when it has fully retracted back. Knowing that there is still a possibility of retracing up to it.
The dollar may suffer if NFP figures are not good this afternoon further encouraging the gentle climb Ripple (XRP) has been following since its big move at the end of January. I’m half hoping Elon Musk might consider doing a DOGE on it. Elon has been pushing the price of DOGE up and getting him into Ripple could help the cause.
We’re still waiting to hear if Linus Tech Tips has done his buy into $GME which has been suffering further losses despite the faithful (i.e. me) and those from @wallstreetbets which now has an awful lot of swearing from those who bought $GME at $250/$300 (I bought at $90). We are holding. I do agree that it is rather strange the moves on $AMC that WSB has also been promoting.
Incidentally I’ve just seen that $200,000 worth of shares in $GME have just been queued for market open @14:30 UK time.
We hold in hope. Ripple, looks like the buy low is paying off, $GME not so sure.
This post (if it’s not been removed) is very interesting.
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