Bitcoin in November 2022 $84,417.86Famous crypto currency trader Donalt, who predicted the bottom level of the bottom level, drew attention with his positive views on the XRP. The experienced name said that in recent weeks, XRP has come to the forefront compared to other crypto currencies. XRP’s evaluations about the technical appearance, attracted the attention of investors. Donalt announced that it took long positions from existing levels and plans to close its position if the price increases 4 times.
Technical strengthening signals in XRP
Donalt stressed that the XRP performed better than other large crypto currencies in the technical analysis session. He said that the mobility of XRP, especially against Bitcoin, is remarkable. According to Trader, XRP strongly benefits from the general market rise tendency. This increases the upward potential of asset in the short term.
Trader said that one of the main factors supporting the rise of XRP is the transformation in the market structure. Especially the development of capital turns in the Altcoin market in favor of XRP contributed to this performance. XRP’s recent price stability has come to the fore as another element that increases investor confidence.
Donalt said that XRP looks more resistant than other crypto currencies and said, “The XRP will maintain its strong performance as long as the market continues to rise.” These words reflect the medium -term positive expectations of the trader. However, he added that the strategy will be shaped according to the conditions due to market volatility.
Processing Strategy and Risk Management
Donalt announced that he got a long position from $ 0.60 to the XRP. Trader plans to close the entire position if the price increases about 4 times. This strategy carries a structure that can be stretched according to market conditions. Donalt said that the crypto money market should be careful against the volatil nature.
Trader said that he expects short -term corrections after possible harsh rises in XRP and said that these periods could be an opportunity for new positions. However, the direction of the market is directly linked to Bitcoin’s movements. For this reason, he stressed that investors should follow the market closely.
Trader also said that XRP could continue to benefit from the powerful trend throughout the market. It is considered that XRP may come to the forefront, especially if the interest of corporate investors increases. Donalt said that XRP may remain strong as an asset on the radar of big players.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
