XRP 8X Leveraged Trade Explained
2024-12-27
Category: None

We are not there yet we our next leveraged trade for XRPUSDT. The truth is that one wave ended recently and there is always a period of rest between one wave and another. A trading range is established and the lower boundary tends to fail before the next wave. Let me explain.

If the support is set at $1.96, this support can hold as XRP consolidates (sideways). At one point, normally before the start of the next advance, there is a drop below support (support breaks). This drop tends to activate all the stop-loss orders and liquidate over-leveraged traders. After this event is complete, we see the development of a new bullish move.

The arrows on the chart are for illustration only. They depict several variations in which this scenario can develop.

The first impulse ended early December. Then comes the consolidation phase. A period of rest to consolidate all this growth the market experienced.

This consolidation phase can last between 1-3 months. We are thinking around three months based on the Mars retrograde, but this varies wildly between markets and pairs. So instead of focusing on a specific time we focus on the price.

The next advance can take XRPUSDT beyond $4.

We wait patiently, there is always a long rest period between a strong advance and the next leg-up. We are in that period now and XRPUSDT has been sideways for 23 days so far.

The red arrow better illustrates my point. Whenever the major drop is in, that's the signal to go LONG.
Before the drop is in, the market will continue to go sideways and this is when leveraged traders lose the most.

Ignore the SHORT side because the market is bullish.

Thanks a lot for your continued support.

Namaste.