Maybe you've noticed, maybe not, but XRP is looking really flaky at the moment and there is very little chance the trend will turn around in the near future. As you can imagine, the speculation is that the Coinbase listing was just a way for people in the know to dump on new blood, but regardless of what it may be, we might be hitting all time lows real soon.
Full disclosure, I have bought XRP in the past and have successfully swing traded it, but I'm super happy to have gotten out on time, after one of those little pumps that show up every other week.
Why is XRP losing momentum? I certainly don't know, but it might just be another sign we are still far away from the market actually turning around. Of course the sentiment on social media is that we are about to dip hard, and this may be the case, but if we do, I fully anticipate a strong bounce right after.
Not financial advice, but having some buy orders and waiting for the market to come to us, might be a smart move, it just might.
