Huge sell off is drying up, after Securities Exchange Commission announcement of law suit against Ripple. Level above .26 meaningful as it stays above the one year trend line, and the price has maintained within a small range above .25 for the longest time in the last 24 hours when the bulk of the sell off occurred. There is much more sky than there is below .26. Considering a worst case scenario, that Ripple is faced with a settlement and large fine, or worse yet, declared a security, Ripple has a large reserve and will pay the SEC to play, and continue on. Neither party wants this to be a drawn out battle, there is too many more important issues. This is an opportunity for anyone with risk capital to gain 40% short term and build a position for long term growth for those hodlers such as myself.
Kommentera:
Get in now, before the opportunity for short term gain dries up.