In this video we look at the recent breakout on the XRP chart. While we did get a nice jump, we still have further levels that we need to clear to start getting excited. Meanwhile, the sentiment in the XRP Community is still in the belief that the price must fall lower. I cannot recall in my memory a time when the true XRP Army has been so bearish, and based on my experience at viewing this market, I believe many have been shaken out in fear. The crypto fear and greed index currently sits at a 12, which is extreme fear. Also, the XRP News cycles right now are selling the idea that the price must fall lower. For that, I can understand why people are so bearish. However, the market tends to go against what the mass population believes will happen. And right now, the masses think the price needs to go down. And really, I think that’s just because they sold at a lower price, and want a re-entry. You can see this on Twitter that many people want to buy, they haven’t thrown in the towel, they are just upside down on their investment trade right now, and want to re-enter without taking a loss.
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DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions.
