Buy Pressure Builds Up As XRP (MIGHT) Prepares for a take off
Two days back I said it was best time to buy XRP while it was hovering between 9500-10000 Satoshis and it is still not late.
Recent data from one of the biggest exchange in terms of volume shows that during the last two days the buy pressure has been slowly increasing on XRP.
From 1500 BTC buy book on XRP it currently stands near 2000 BTC. XRP seems has been accumulated a lot buy some whales who might try to manipulate market in few week.
Analyzing the order book I find the big buy wall place around 8300 Satoshis, obviously it was not there yesterday but it is fake.
If this wall remains there there is likely a chance of XRP getting higher than 12000-14000 Satoshis with in this week
The Black circle in image shows the bug buy wall putting pressure on sell order which can take price easily to 10800 Satoshis today or tomorrow.
Note : Trade at your own risk, The analysis is based on current market condition and price of Bitcoin. Market might can remain low for a week. I do not endorse or encourage any trade/buy/sell but make predictions on purely current market conditions.
If after reading this you are planning to buy XRP i suggest a price of 9200 Satoshis and hold them for a week :)
Very informative (Y)
thanks mate :) !
Oh, my xrp...it's like my nettlesome puppy. :) @dailysteemnews