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A lot of talk is being done lately on XRP and its recent sharp sell-off that took most traders by surprise. This panic selling is fundamentally driven by the recent news and I believe the tension isn’t over yet.<\/p>\n
Today I want to focus on the technicals though and the 1W chart. This shows that long-term XRP investors shouldn’t panic and this selling was also seen on the previous cycle. In fact it was the last before the massive rally of 2017.<\/p>\n
In my opinion there is an opportunity to buy XRP even lower (the current price is good enough as it is for long-term investors), either within the 0.786 – 0.9 Fibonacci retracement level or within the LMACD Buy Zone.<\/p>\n
History will repeat itself. Keep a clear head and follow your investment plan.<\/p>\n
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