I think $XRP has turned around after being down at $2.22. It may fall a little again, but I don't think it will fall below $2. It has fallen about 25%, which is a very decent correction. This means we could see another strong rise over the weekend and at the beginning of the week. It wouldn't be the first time this has happened on weekends.
However, it is important to remain cautious. $XRP has risen a lot in a short time, and may need a period of consolidation between $2.35 and $2.70 before it continues to rise towards ATH, $5, $10, $20, $30 or wherever it may rise to... I don't really have a target for how high it should go, and I don't really care. In any case, I think it'll rice much higher than it is now. At some point I will start to sell some of my $XRP without knowing when.
The "prophet" (Brandon Biggs) who posted a video saying he saw Trump get shot in the ear before it happened also had a prophecy about $XRP. Apparently God showed him $XRP at $10,000. God also showed him World War 3, a new pandemic, earthquakes in the US, collapse of the USD, etc. Those of you who want to discuss market cap based on this, can take it up with God. That being said, $10,000 is not necessarily that much if the USD collapses and you have to pay $1,000 for €1. And by the way.. I think other people "profeths" also have had similar prophesies about $XRP.
I feel for all those who have sold $XRP in a panic at a loss of around $2.20, and who now have to run after it to buy again when it rises. However, that's how it is with crypto and such markets. Some have to lose for others to profit. Make sure you're the one who doesn't lose.
I bought more $XRP on the way down. Some were bought a little high ($2.6 and $2.4), while some were bought at about $2.22. Now I'm ready for a rise again.
When I trade, it's based on psychology, and the belief that this crypto has a function. I mostly stay away from those that are brand new and don't have a special function. There's certainly a lot to be gained from some of them, but there's also a high risk. I don't want to take that risk. At the moment I have $ADA, $SOL and a lot of $XRP.
I know far too little about technical analysis, and I probably should have learned more about it. Then I probably could have earned a little extra. However, I'm happy with what I've earned so far. Since I also transfer most of it to a cold wallet as an investment for the future, technical analysis doesn't mean much either. Technical analysis would have been a lot more important if I had traded.
What I've lost the most money from is when I've been impatient, as well as a lack of knowledge and faith in what I've bought. I've bought and sold several different cryptos. I earned a little and lost a little. Looking back on the trades I made, I would have made a profit on all of them if I had waited another week or two to sell. There is something to think about when selling at a loss. If you don't sell in a panic, it may go up again in a week's time, so you can sell at a profit. Jumping from crypto to crypto based on them rising (FOMO - Fear of missing out) is rarely profitable. The chance is high that the one you just bought will start to consolidate, and the one you sold will start to rise again. So be patient.
Another option is to sell at a loss after the crypto has fallen, and then buy again immediately a little lower. Then the red numbers are removed, and you are still left with the same crypto and the same number. It has no economic significance, but green numbers feel far better than red numbers. This is only psychological.
This was just some thoughts.
