Now is a great time to sell XRP for ETH
As you can see, XRP has made quite the bullish move vs. Ethereum.
However, I think this price action in the pair is a perfect opportunity to dump a coin with massive dilution problems and a dead narrative for one that will quickly outperform it.
Reasons for being bearish on XRP here
-double top on XRP/ETH pair
-use case for XRP in Defi has been overrun by newer and better projects
-volume and transaction count on XRPL is in a sharp downtrend
-every time XRP has a pump, it retraces the move in short order as whales and Ripple labs dump supply on bagholders/exit liquidity
Reasons for being bullish on ETH here
-ETFs have been approved and accumulation starts soon
-Massive TVL could cause price pressure to escalate
-BTC ETFs pumped Bitcoin over 300%, ETH ETFs aren't priced in at ALL
My targets for Ethereum are $4800, $5300, $7000
Good luck and happy trading!
However, I think this price action in the pair is a perfect opportunity to dump a coin with massive dilution problems and a dead narrative for one that will quickly outperform it.
Reasons for being bearish on XRP here
-double top on XRP/ETH pair
-use case for XRP in Defi has been overrun by newer and better projects
-volume and transaction count on XRPL is in a sharp downtrend
-every time XRP has a pump, it retraces the move in short order as whales and Ripple labs dump supply on bagholders/exit liquidity
Reasons for being bullish on ETH here
-ETFs have been approved and accumulation starts soon
-Massive TVL could cause price pressure to escalate
-BTC ETFs pumped Bitcoin over 300%, ETH ETFs aren't priced in at ALL
My targets for Ethereum are $4800, $5300, $7000
Good luck and happy trading!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.