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[Leebax]

Anyone holding or trading XRP?The financial markets forex/crypto/stocks are going wild lately. People have now realized their true potential when pulling together. AS such we see many pump’s in coins and stocks alike recently. XRP has rocketed the last couple of days. I myself held some XRP from .23c and sold it for double. Im currently holding longs on my trading account also looking for the big push. Who else is on the XRP ride? where is it going likely? new ATH? let me know below your thoughts

[eddieb]

I hold my hand up and plead guilty to being a complete ignoramus on XRP, other than having heard of it.
Bitcoin and Ethereum are the only cryptocurrencies I  have any real knowledge about, although I'm trying to get my head around DeFi and have found @krugman25 and his threads on this incredibly useful.

[Caesar]

Saw this earlier.


"XRP rallied hard on Saturday in a move similar to a crowd pump recently observed in out-of-favor stocks such as GameStop.

The cryptocurrency jumped 56% to $0.50944 to hit the highest level since Dec. 22, according to CoinDesk 20 data. That was the biggest single-day percentage gain since Dec. 21, 2017.

The double-digit price rise was likely fueled by members of a Telegram-based group called Buy & Hold XRP (t.me/pumpxrp), which came into existence on Saturday. The group’s membership hit Telegram’s 200,000 ceiling within the first 24 hours, forcing a migration to a new official channel with a similar title but a different link"

[Leebax]

Today's post is more of a highlight on the risks involved in trading crypto coins and what can happen. We all saw the social media trending supposed pump of XRP on feb 1st. We got exactly that but look what happened the same day, it dumped right back down to 0.34c. Many regular traders or buyers would of been buying in near the top in fear of missing out. Classic case of what not to do. Look where price bounced right from, the collective dynamic support of the EMA's. If you held already from below then you could of taken good profits if you were watching. Just use the classic rule of buy low and sell high, dollar average in where you can if you're HODLing. Burt when trading look for the better entry zones. Like where we currently are. GLIYF

[Caesar]

That's a killer spike, just the sort of thing that leaves so many newbies crying that trading is rigged against them.

[LuckyMac]

So true. Crypto is so volatile and the trader's emotional responses like fear of missing out is stronger than in forex with all the hype at the minute

[Leebax]

Well Feb 1st was the day when most wanted to see XRP on the bull run. per my last post we saw that they took alot of people to the cleaners and collected all their liquidity and brough price right back down. Perfect opportunity for day traders to buy in at the cheaper price. The big fake out to the topside give us room to move into. There was two opportunities to get into the trade, either on the bounce from the EMA’s, or the close of the Doji daily candle. If you followed either then you should be heavily in profits now. Moving averages are now pointing to the sky, so if they start to spread then the uptrend can have some decent strength. Keep holding for now risk free. GLIYF

[Leebax]

Across the board of crypto currencies we are seeing surges everywhere. Our trade long after the fakeout Pump has almost hit TP. We can see the spike on the current daily candle almost got there. We can see a sharp trend strength on XRP and i think we will acheive TP in the next few days. I have moved my SL into profit to secure some pips. hopefully we continue the bullish movement and reach our goal. To continue the buy’s id like to see a pullback for the next position. But will report back if we reach TP or break trend. GLIYF

[BWS]

Hello @Leebax

Have you any idea what is driving XRP up, my screens currently show it up almost 4% on a day when Bitcoin is down 4% despite all the Elon Musk hyping.

Ben

[Leebax]

id be lying if i said i knew. I just trade what i see on the charts and mixed with a little news trends etc etc

[Magyar]

id be lying if i said i knew. I just trade what i see on the charts and mixed with a little news trends etc etc

That is a very honest answer and I am happy to see this.

[Leebax]

Looking back on our XRP buy trade today and we can see the TP zone has been smashed through. Ideally with crypto we can keep holding and keep moving our SL into profit the further up we go. This is the best way to maximise profits. The TP of 2K pips has been exceeded and currently sit in 2.3k pips profit. I have moved my SL up more, price action is still very bullish so we can just keep watch on it for now. The second zone above at the recent high could be a possibility for sure. GLIYF

[sebking1986]

I thnk this is on a bull run for sure now. Ignore all the hyping it up and pump and dump groups, it appears to be following some technical analysis and market structure now.

[Vinod]

this is behaving like bitcoin this week falling, falling, falling down to 0.4372.
I am hoping that you sold before this big fall

[sebking1986]

Bloodbath all round past few days