So many of you who have been following Ripple with me waiting for that to the moon breakout, we are still sitting at the Silo watching normal market behaviour. At the moment the pair has been rising nicely but not “to the moon” yet with market anticipation of a good outcome of the SEC case and sudden volume.
I have an alert at $0.73, but I’m probably going to put on a trailing stop when it hit’s there looking to break out of that channel.
It’s like a ticking time bomb this one and I hope many of you have been adding to your Ripple trades at this time.
What could go wrong?
If the SEC suddenly find SOMETHING to convict XRP on, then it could drop, but I just doubt it. Most people recognise that the SEC does not have jurisdiction over digital currency. It can try and regulate things about it, but in fact, my opinion is it is far exceeding its remit. The SEC is there to protect investors from scams. Which XRP obviously isn’t.
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