XRP is tanking as a result of SEC lawsuit, what are crypto experts doing? The price of XRP has dropped by over 40% in the last two days and is not showing signs of stopping. For those who have XRP, should you sell at a loss or should you HODL? Here is what some of the most popular crypto YouTubers are saying:
- XRP dumped 25-33%
- Not affected by XRP dump as he took profit after the fork
- Concerned about ALT Coin dominance affected
- ETH, LTC and UNI are all testing upper resistance line
- Chainlink testing higher lows and lower highs
- XRP Capital will flow into other small-mid cap coins
- Overall no comment on XRP
- Don't believe in long term for XRP and has been flipping short term in the past
Alessio Rastani (Elliott wave theory - 66% capitulation, 33% will go lower)
- News fud doesn't dictate equity long term
- Price action dictates the news narrative
- Suggesting XRP has capitulated and is only going upward from here on
- Post fork has only been a ABC retracement (Elliott wave theory)
- XRP dump from SEC lawsuit has given a 61% golden ratio retracement
- Riding on 200 day moving average
- Bounced off trend
- 0.24 is the key support to look at. Under = Will fall further
- Needs to go above 0.39 and 0.415 and find support to be bullish
- SEC lawsuit fuds are common. (EOS & Kik's Kin tokens)
- Ripple XRP has a lot of money
- XRP CEO made a statement
- XRP is a currency and does not have to be registered as a security contract
- Justice Dept and FinCEN determined XRP as a virtual currency in 2015 & G20 regulators have done the same
- No other countries classified XRP as a security
- BTC is making support over the weekend
- BTC make or break resistance range 24k-25k.
- ETH expected to have strong support at $600
- XRP founders personally unloaded $600 mil worth of XRP w/o registering personal sales
- Exchanges are delisting XRP
- Jed McCaleb (Former XRP Founder) moved 50 Mil worth of XRP to hot wallet (sell intent?)
- Buying more XRP at 31 cents
- Bullish divergence.
- RSI is in bull territory
- Blindly buying now there's blood on the streets