Quote from: wxa7115 on Today at 06:45:42 PM

Quote from: globalcitizen on November 24, 2020, 10:24:24 PM

It is said that in the crypto world anything is possible.

Could it be that the statement must have been the reason for the recent skyrocketing in the value of Ripple (XRP).

Just 4 days ago the price of the coin was less than $0.32.

What am I seeing today? A coin value above $0.69 giving more than a 100% ROI in less than a week.

I'm lost! I can't figure out the real reason behind this jump in price. Could it be driven by the recent BTC moon or the activities of traditional financial institutions that XRP was created to serve?

Will I be right to say that it's heading above $1 before it would retract (if at all)?.

Let me know what you think or know?

Most of the time I say to people that it does not really mater why a coin is moving the way it does as long as it is not because of a pump and dump or a scam, the question that as a trader you need to ask yourself is if you can take advantage of the movement that you are watching? If not then forget about it and if you can then you need to observe the market very carefully so you can take full advantage of the current movement.

After all even if you were to find out why XRP is moving the way it did that is still not going to tell you how high it will go or for how long so it is one of those questions that while interesting makes nothing to improve your chances to make a good trade.

There were times in the past that XRP price had surge because of a near development of a project such as the time when they announced the SWELL. But after it investors dismay about its update and then price dive once again. It's almost like a scam already which is why if this Flare flops, you can expect the plunge too. $0.60 is likely the sell wall of Garlinghouse.