In my previous post, I suggested that XRP is relatively weak and therefore likely to break down by the end of 2017.
Today / yesterday, there was a major pump to the tune of 80% at one point. Obviously this is unnatural. Yes, there was this escrow thing, but that was announced last month and executed last week. The actions in the past 48h are IMO nothing more than a PnD.
I'm not sure if this is over. Those who started this PnD should've already sold at the top. However, there're usually some rebounds on the way down.
One possible scenarios will be
down to $0.36, up to $0.43, then down to below $0.3
Today / yesterday, there was a major pump to the tune of 80% at one point. Obviously this is unnatural. Yes, there was this escrow thing, but that was announced last month and executed last week. The actions in the past 48h are IMO nothing more than a PnD.
I'm not sure if this is over. Those who started this PnD should've already sold at the top. However, there're usually some rebounds on the way down.
One possible scenarios will be
down to $0.36, up to $0.43, then down to below $0.3
