Ripple’s XRP has had a tough year so far. The SEC’s investigation prompted many exchanges to delist XRP. MoneyGram, the widely touted partner, has suspended its relationship with Ripple due to the SEC suit. And so far it doesn’t look like the settlement is in sight.
We’ve asked Hybrid Intelligence if the sell-off will continue:
“The cryptocurrency XRP (XRP/USDT) settled at 0.42795 USDT at 09:06 AM UTC at the binance exchange on Friday, February 26. In your opinion, will XRP/USDT trade below 0.36376 USDT (-15.0%) at any time before March 10?”
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Assurance: 35%
This suggests that Hybrid Intelligence sees a low likelihood of the price dropping by another 15% from here over the next few weeks.
For now, it looks like the risks are already priced in and XRP is no longer a prime candidate for shorting.
We’ve asked Hybrid Intelligence if the sell-off will continue:
“The cryptocurrency XRP (XRP/USDT) settled at 0.42795 USDT at 09:06 AM UTC at the binance exchange on Friday, February 26. In your opinion, will XRP/USDT trade below 0.36376 USDT (-15.0%) at any time before March 10?”
-------------------------------------
Assurance: 35%
This suggests that Hybrid Intelligence sees a low likelihood of the price dropping by another 15% from here over the next few weeks.
For now, it looks like the risks are already priced in and XRP is no longer a prime candidate for shorting.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.