Xrp Next Token to Moon or Is It Time to Be Cautious?
After a brutal -50% performance in 2019, XRP has bounced back to start off the new year. Over the past few days, XRP has been exploding higher, with its price recently surmounting $0.33 for the first time in months. But XRP price is still lagging behind the crypto market and may be poised to play catch-up.
With XRP recently passing by the key technical and psychological resistance at $0.30, analysts say that the cryptocurrency could soon embark on a “moonshot” move that will bring prices dramatically higher than where we are now.
But why should you be careful and proactively manage the risks?
Almost everything has grown up: big caps, small caps, exchange tokens, blockchains, DeFi projects, and so on.
There are only a few tokens left, which are lagging behind the market, but the risk has become much higher, so you should trade much more carefully, respecting risk management to protect your capital.
The level of sentiment is also very high. Search queries are growing, chat rooms have become more active, and the media have started to cover the situation around the cryptocurrency market.
Such sentiment activity was when BTC was at $13k top last year. We can continue to moon. but It’s typically an indicator that we are getting close for a pullback after two months of green. In any case, you should act smartly to protect your capital.