XRP / EuroShort
Buy: Ripple will go up, fast or slow, but up.
So I watch the fibonaci retracement, which shows me levels.
2 options as far as I see it:
1) we go straight to the 1,10 € then further to 2 €
2) we go slowly from 1 to 1.50 €.
Anyway, Ripple is highly over sold and buy pressure and recent news should lead to a strong buy. If we get the volume into Ripple again, we are maybe hitting even 4 € in March-April.
If the volume lack cannot be overcome we probably need to wait until June to hit the 2-3 € marker.
2 options as far as I see it:
1) we go straight to the 1,10 € then further to 2 €
2) we go slowly from 1 to 1.50 €.
Anyway, Ripple is highly over sold and buy pressure and recent news should lead to a strong buy. If we get the volume into Ripple again, we are maybe hitting even 4 € in March-April.
If the volume lack cannot be overcome we probably need to wait until June to hit the 2-3 € marker.
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