Last post I gave a zone of buying XRP at around 0.45-0.50$ (which I call the orange zone) and at the moment of the post it was around 0.48$ and if you sold it today at this moment, it would have been a 30% increase.
Again the levels, just to have an idea how they align with the moves. You see how the price (where the arrow is) just touched the level of 0.65$ and then it dropped?
Ok, so enough of that. Time for some speculation, possible scenarios and strategy:
- Flare snapshot is on 12th December. It is very possible that accumulation of XRP will push the price higher, until that date.
- A dump can be expected around 13-14 December.
- This can also mean that for us short time traders around here, it is a possibility to take advantage of trading XRP from current levels.
- With Eth2.0 phase rolling out in a few days, the altcoin market can rise (which backs up my first and third point on the list)
- I have been saying this since September, that I expect a crash of the market until December and now that December is a few days away, I am excited to see how all this plays out.
