I closed my short term XRP trades yesterday before the drop and the currency dropped a few hours later down to the wedge, where I will probably re-enter a bit later on, the performance has become a bit lacklustre because there seems to be zero movement on exchanges taking back XRP into their fold. They are probably still waiting for the SEC to send them any kind of confirmation.
However, I will point out SEC confirmations people won’t get prosecuted are not worth the email data they are composed in. As XRP Ripple found it since they actually asked the SEC if they would be ok years ago.
There is a buying opportunity here folks, but tbh my worry is it’s going to be a slow, long, boring wait. Although I still have long term trades in here bought at a much lower price. Short term, I am tempted to use the funds in my portfolio for something that might actually move quicker.
Anyone who believes what governments and banks are saying, you are very likely falling for the EXACT SAME THING that happened in the housing market in the US. As depicted in my favourite film “The Big Short”
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