HD1184K

Ripple (XRP) Is basically free money right now. 5225 target.

Short
HD1184K Updated   
BINANCE:XRPBTC   XRP / Bitcoin
The last two trades, I have perfectly called the BTC bart and have failed in calling the exact location of the Tron bounce. It did bounce however.

Please view them in the related ideas section. Also check out "btc chinese". Prediction done by Xue and I. Xue is in on many Chinese chat groups and can see what positions they are in.

Right now, it is a wise decision to open a short on XRP. It has broken crucial resistance and will now correct to its price before the bounce. If you short XRP it is so easy to make money. All you need to do is wait.

The max XRP can go is 16% from here, so make sure your liquidation price is not below 8000. Just add if it hits 8000, as that will 100% be the top unless Bitcoin starts breaking new highs.

I personally am short XRP since 7000. You can open a short position here with a stop loss at 7500. I know you are exposed to a lot of potential loss but just add if it goes up, it should not break 8000.

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Comment:
XRP now consolidating beneath resistance. If this one is broken, expect 7.4 to 8000. There is no way XRP can climb above 8000 unless Bitcoin breaks a new high.

Personally I would not worry if you are in a short position. The trend is down, this is just a expected correction upwards after a three drive pattern. A large amount of volume was transacted above 8000 so I would be surprised if XRP can trade above it for very long.
Comment:
Scale in your entries so that you are comfortable with your entry and liquidation price. I would recommend having a liq price above 8.4.
Trade active:
First short zone hit.
Comment:

Possible short scalp here. Have a stop loss if it can close above red line.
Comment:
I am short XRP on my main account with a liquidation price near 14k sats. This trade is honestly very easy money long term. I plan to hold this for nearly a month.

If you are using high leverage, you need to enter at the exact top, so it is harder to trade. If that is the case, only enter if you can get a very good R/R ratio.

7600-8000 should be your entry.
Comment:

Low risk short scalp for XRP. You can take this trade on an alternate account. Stop loss is defined as that will negate pattern.
Comment:

As mentioned by Bornnippy, XRP has had a double top and has just broken a vital bear fractal.

Short is in good profit now.
Comment:

This currently is weak support. Expect a move down.

Keep in mind this XRP short will be held for the next half month an I expect 20% gains unleveraged.

If It goes up, I will add more. 7.6-8k is still the dream zone, but Bitcoin dump will mean otherwise.
Comment:

XRP correction to upside may be ending here. RSI broke below.

Looking at previous rally, that occured when RSI broke above.
Comment:
Just be patient with this trade. If you were patient with the 9400 short I called, you would be up 20% right now.
Comment:
Patience is rewarded. XRP just broke vital bear fractal.

Comment:

May choose to add to winning position here. Little chance it will break upwards. If it does, reduce position to original size.
Trade closed manually:
Forgot to update this one because it took so long. New XRP ideas updated, please check it out.

It was hard to predict PA due to btc just stagnating with lowest volatility at 6400.
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