XRP just started taking a dive. Anyone have any ideas, other than technical breakdown of support back on 2/18? Any major news just break, or is this just simple trader psychology? My guess woul be the latter
P.S. Long term Ripple HODLer
Considering 12 months ago ripple was 25cents and 24 months ago it was worth half a cent I don't blame people taking profit. If there's no news coming out I don't see why it should increase invalue except speculative growth. Just curious, what price did you buy into?
I'm building a long-term position and plan on continuing. I've purchased 3 large blocks so far. One at 0.75, another at 0.89, and my most recent at 1.05. I understand people profit taking, it's not a bad idea at all. Crypto trading is extremely simplistic from a technical analysis standpoint, especially for someone with a long history in securities (me lol). I'm not worried about the long-term, I won't be selling for quite some time, years probably.
But I am interested in nabbing up as much as possible in the 0.50-1.25 ish range, at opportune times. I'm sure I'll be glued to the screen for the next several hours at least.
Anyway, best of luck trading everyone
