XRP / BitcoinLong
XRPBTC Long Ripple - Waiting Breakout to follow Stellar
Updated
XRP is looking to be in a good position for a safe entry for a long position at 10k for both short term and long term traders alike.
It'll likely face resistance at the 13.5k level. Swing traders can exit here, while long holders should hold.
Note that Stellar has broken out - usually Ripple and Stellar walk hand in hand, so this increases the chance of a ripple breakout.
If you look at Stellar's graph, it has very similar trends which is generally well known.
Also Bitcoin and Eth has had a huge run, expect some money to flow back into Ripple once Bitcoin's run is over. The bull market is favourable to the Blue Chip coins.
Comment below if you'd like to discuss :)
It'll likely face resistance at the 13.5k level. Swing traders can exit here, while long holders should hold.
Note that Stellar has broken out - usually Ripple and Stellar walk hand in hand, so this increases the chance of a ripple breakout.
If you look at Stellar's graph, it has very similar trends which is generally well known.
Also Bitcoin and Eth has had a huge run, expect some money to flow back into Ripple once Bitcoin's run is over. The bull market is favourable to the Blue Chip coins.
Comment below if you'd like to discuss :)
Note
Coming to the support at the 9k mark, not surprising. Taking a bit more position here.
I'd be concerned if it broke down below 8k.
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