The CryptoMarkets will continue to be very volatile and choppy, and Ripple is a market that favors the investor over the short-term trader, unless you have time to sit and watch the charts very closely. ripple xrp XRPHolders
Enter your emailThe markets will continue to be very volatile and choppy, and Ripple is a market that favors the investor over the short-term trader, unless you have time to sit and watch the charts very closely.The market is currently threatening the $0.75 level, and now it looks as if we could begin to roll over. Unfortunately for Ripple, it continues to be affected by the momentum of Bitcoin in general.
Ripple is still stuck in the SEC lawsuit, so it will be interesting to see what happens with that going forward. At that point, the market is very likely to see a lot of back and forth and volatility based on the latest headline, and it is worth noting that lawsuits like this take quite some time. The overall attitude of the market has been one of sideways action, but if Bitcoin takes off again, that could have a certain amount of positive influence here.
It now looks as if the 0.90 level is a bit of a “double top” in this market. If we were to turn around and break above there, then the market is likely to go looking to the $1.00 level, which obviously has a lot of psychology attached to it. That being said, it looks like we are more likely than not going to continue seeing downward pressure overall.
The markets will continue to be very volatile and choppy, and Ripple is a market that favors the investor over the short-term trader, unless you have time to sit and watch the charts very closely.
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