Some market conditions are suitable for participating, while others are better suited for observing. XRP now feels more like the latter to me. Intraday it moved from $0.9982 to $1.0142—already giving a full range of fluctuation—so the margin for error in chasing a trade is not high.

Let the bullets fly for a bit. Think through the risk boundaries first, and then discussing the next step will be more solid.

$XRP #Ripple