XRP Update | WAIT for the breakout!
Updated
Good morning traders,
I see a lot of people looking to re-enter in on Ripple. About a month ago inside the Easy Loot GC, we analyzed XRP & predicted its move to $.175. If this can't hold our next level looks to be toward $.15-$.155
I won't be looking to enter XRP at all until we at the least see a breakout of this channel resistance. Even if we happen to breakout from this smaller channel, we still sit inside a large bearish movement. A breakout and hold above the purple would indicate a strong buy for nearly anyone.
Option 1: Wait for breakout, sell for a 13-20% return
Option 2: Wait for correction and enter at the swing-low (looking for a 4-9% pullback)
Always do you own research before investing | I'm not providing financial advice nor am I a financial adviser.
I see a lot of people looking to re-enter in on Ripple. About a month ago inside the Easy Loot GC, we analyzed XRP & predicted its move to $.175. If this can't hold our next level looks to be toward $.15-$.155
I won't be looking to enter XRP at all until we at the least see a breakout of this channel resistance. Even if we happen to breakout from this smaller channel, we still sit inside a large bearish movement. A breakout and hold above the purple would indicate a strong buy for nearly anyone.
Option 1: Wait for breakout, sell for a 13-20% return
Option 2: Wait for correction and enter at the swing-low (looking for a 4-9% pullback)
Always do you own research before investing | I'm not providing financial advice nor am I a financial adviser.
Note
If $17.5 doesn't hold, $.155 will be testedNote
If $.175 doesn't hold, $.155 will be tested*
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.