"There appears to be a need of some bold man who will say outright what is best... opposing the mightiest lusts and following reason only."-Plato - Laws, VIII, 835-
XRP/USD
- As the SEC lawsuit against RIPPLE company develops we are seeing a huge volatility in the price of XRP, going from a low of 0.20$ to a new high at 0.75$. Currently it is sitting at 0.54$ and looks primed for further bullish moves if ETH and BTC continue climbing upwards.
- Watch out because the price of XRP will tend to reflect negatively any news going out about exchanges stopping trading with XRP or any further developments with the SEC lawsuit, although if positive news hit the market we can expect new ATH on the horizon.
- Those who are patient will be rewarded and those who tend to FOMO will get siphoned out of the market when volatility finally kicks in, so watch out, plan accordingly and PLACE YOUR STOP LOSSES.
Remember, nobody can predict the price of cryptocurrencies accurately and anybody claiming the opposite is probably trying to claim your attention and your money. Predicting the price of cryptocurrencies is akin to predicting the weather; the further into the future you try to predict, the bigger the deviation and error rate will be. This is due to the fact that in a complex system involving thousands of variables, some which are know and others which remain unknown, an accurate prediction can only happen if every single variable is correctly accounted for.
Chad trader from ClearThoughtCrypto