Current position size of XRP in the SpockG portfolio is 7%
The weekly chart shows a BO (breakout) and BT (back-test) to the neckline at 80c
Once the back-test is completed, we should expect next impulse move higher
Measured move off the 3 year basing pattern is $4.25
But ultimately we should see $10 to $13 before end of this year
I do not trade this. So the wild volatility is noise as to where XRP is headed.
Weekly drawdowns of 50%, followed by 100% weekly rallies, are normal in this sector.
For this reason the total sector exposure is 20% of the portfolio, across 7 tokens.