Our opinion about Ripple, To the moon??Updating about the recent hype on XRP which a lot of people were having so much noise because the price spiked toward the area above $0.5 zone. We were so quiet and chose not to get distract on one pump out of nowhere and when there isn't any significant confirmation we can get.
It's actually a good condition when the price of the XRP spiked with huge bullish pressure like this because it simply means that we can sell more and more of our holdings to make it us a realized profit with the purpose to invest more at lower price. A single moves like this doesn't mean the price is going to the moon.
We believe that there will be another spike up higher following potential bounce on the market capitalization which can send the price to more crucial level right around $0.6 and expect more extension toward the area of $0.8 as the liquidation level if we can get the maximum hype. However, we won't recommend you to do the DCA at current bullish hype as it will only be the usual relief rally. We don't think that the price will ever continue to the moon and beat the previous ATH just yet.
What we will recommend you is take more profit if the price reaches again the areas given on the anticipated region because we will have more fund to invest at lower price when the price drops in the future.
The higher the price goes, the lower the correction will be. We will start to do DCA again and invest more when the price drops below $0.3 as given on the chart.
