January 8, 2018

Crypto's took a serious dive

Today Crypto currencies took a serious dive. But of course, as we are only in $etc and $xrp at the moment, those two are the only ones that are of interest for us at this point.

$xrp found a good level of support around the blue line, also the low of the end of the year 2017. This low was respected and the price bounced off that level even harder as it wend in. As the overall trend is still bullish, a flush like this offers additional force for the price to go up, as the bulls are not ready yet to give up on Ripple yet.

Probably a lot of money was made in the process for the faint hearted to buy at a better price, as others panicked, or stop losses where hit, and money was lost.

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