XRPUSD
Back in may I gave a detailed breakdown of my idea of what I expected from XRP.
Price moved exactly the way I pictured it in one of my scenarios, we even took out the highs at 0.45 and closed above on a monthly basis.
Trying to short XRP from here would be quite foolish, I would rather watch 0.45 for an opportunity to ride higher. I honestly believe $1 is a strong possibility with XRP moving as quickly as it does when it does.
Right now we might be in the beginning stages of a pullback to run the stops below 0.30 and 0.24 before we see price go much much higher. XRP is very volatile, either one of these scenarios could play out very quickly.
The smart play was the call I made at 0.15 and 0.24
Important areas to watch are 0.60 for the short and 0.45 for the long towards 0.90 to $1
I currently have a very small long hoping to ride it towards 0.60, I’m running a very tight stop .
Let’s see how it goes.
Price moved exactly the way I pictured it in one of my scenarios, we even took out the highs at 0.45 and closed above on a monthly basis.
Trying to short XRP from here would be quite foolish, I would rather watch 0.45 for an opportunity to ride higher. I honestly believe $1 is a strong possibility with XRP moving as quickly as it does when it does.
Right now we might be in the beginning stages of a pullback to run the stops below 0.30 and 0.24 before we see price go much much higher. XRP is very volatile, either one of these scenarios could play out very quickly.
The smart play was the call I made at 0.15 and 0.24
Important areas to watch are 0.60 for the short and 0.45 for the long towards 0.90 to $1
I currently have a very small long hoping to ride it towards 0.60, I’m running a very tight stop .
Let’s see how it goes.
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