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I have already entered my 40th day of holding at the time of writing this article. I bought 1 yesterday and guess what, I bought another 1 today! That gives me a total of 9 open long trades since July 16, 2020 to August 25, 2020. Out of 9 positions, 3 are in reds! The first one is losing -113.00 pips, the second one -59 and the last but the least is -52. Overall net strength of my XRP portfolio is 38.34%. I landed in the 30%+ level again. :-(
Chart was screenshot at 8:42PM Philippine time. Courtesy of Tradingview.com
August 25, 2020 XRPUSD Key Stats:
Intraday Open – 0.28846
Intraday High – 0.28972
Intraday Low – 0.28129
Intraday Current (based on my screenshot) – 0.28205
Today’s trading volume is 22.794 Million.
50 and 200 Day moving averages are higher than yesterday’s
The 0.29 cents level is once again a resistance
Bears regained control after yesterday’s bullish run
I bought my 9th long position
The King coins are in danger again! BTCUSD is down 2.30% while the ETHUSD is losing 4.42% of its intraday’s highest.
The Binance top 10 cryptocurrencies for today are all in crimson! BLEEDING heavily. With LINK and ADA the biggest losers. :-(
Bears switched control over bulls’ run yesterday. Today’s Overbought-Oversold score is 25-16 still in favor of the Bulls.
I am getting worried about the XRP’s price going nowhere. Its current price is not even close to 8% from its previous all-time-highs last January 2018. We still have 4 months left before the year 2020 ends as the COVID19 pandemic is getting worst, can XRP break its ATH this year?
I give you an overview of the XRPUSD price movements since February to current month of August.
Read my news report for more details of this chart: