Long

[XRPBTC] Ripple Trade by Request [100%+ PP]

Updated

[XRPBTC] Ripple Trade by Request [100%+ PP]

Ripple (XRPBTC) is moving with lots of force and momentum and grew in price over 150% in just a couple of days.

We spotted the action at the early beginning and gave a last target of 0.000111. XRPBTC went to reach a peak price of 0.000117, so we hit it pretty close, and so it started to retrace.

Let's see the different support levels that we can use to enter a position with XRPBTC and the resistance (targets) levels at which we can sell for profits.

Trade instructions for XRPBTC

Buy in: 0.000069 - 0.000074
(Wait for retrace to enter)

Targets:

(1) 0.0000925
(2) 0.0001178
(3) 0.0001478
(4) 0.0001621

Stop loss: Close below 0.000063 on the daily candle.

Note: This is a trade by request. This does not follow my usual trade strategy.

Namaste.

Note

Previous analysis:

(1) Here we spotted the action for XRPBTC early on:

Ripple (XRPBTC) Wakes Up (Highest Volume since April

(2) And here I mention where we would find support:

Ripple (XRPBTC) Continues Its Correction/Retrace

YOUR SUPPORT IS HIGHLY APPRECIATED!

Namaste.

Note

This bounce is looking pretty strong. Good volume.

Overall the whole retrace is looking very healthy.

Give it https://time...https://www.tradingview.com/x/E6KLBe3p/

Note

Consolidation continues for XRPBTC. It is looking good so far.

Here is the chart:

- Bear volume has been low throughout the retrace.
- We found support around 0.382 Fib. level.
- My suggested main support remains intact, which is 0.000066 - 0.000068, now supported by EMA100 as well.
- Looks like we need more sideways.
- Please allow time for this trade to develop.

Note

Looks like we will be entering our buy in zone soon.

Patience is key.

Note

We didn't hit our entry for this trade. For those already holding XRPBTC, our first target has been hit. These targets are still valid.

Targets:

(1) 0.0000925 * Target hit *
(2) 0.0001178
(3) 0.0001478
(4) 0.0001621

Trade closed manually

No buy in.

Note

XRPBTC has been holding support for the past four days... I will come back in soon and take a second look... Thanks for the support.

Namaste.

Note

Ripple (XRPBTC) is retracing, I am keeping track for a new trade.

You can read my updates here:

Ripple (XRPBTC) Retraces (Next Support / When to Buy)

Note

Here is your XRPBTC trade:

AlanSantana

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