XRP is clearly bullish over the last week. The uptrend is likely to continue as all cryptocoins are rising and rising.
However, the difficult part is always to determine a great entry position as you shouldn't want to buy too high.
The simple "buy low, sell high" concept is deceivingly difficult.
In this trade set-up I show that in an upwards trending parallel channel, a retracement to the support line can be a great place to buy.
This might be the lowest you can enter still in an uptrend, and I expect that the price will increase again to around 0.205.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!