This chart is incredibly bullish, but XRP has been lagging for a while. Most other coins have risen by significant multiples (>4x) since the mid March lows. XRP will rise from the ashes when nobody is paying attention and everyone is trying to chase the next hot altcoin. Let's see what happens.
Trade closed: target reached:
Closed for now at $0.45. It has more room to grow, but it accelerated too far ahead of the herd with too much FOMO volume. I think it needs to chill out while other alts catch up.
On the other side, we're not here to make losing trades, so what do we do now? I'd say... the market looks on edge right now. In XRP specifically, there's no reason to really panic unless you bet the farm. All things considered, $0.25 is a pretty good entry point considering the long targets listed on the chart (i.e. from $0.33 all the way up to $1.50). This is a long term trade, not a scalp. Could XRP go down to $0.21? Absolutely. Could it go down to $0.17? Sure. Could it go down to $0.07? Yup.
My suggestion on XRP specifically is just to accumulate when it goes on sale in long timeframes with respect to both USD and BTC, forget about it, and then get rid of it incrementally whenever the sleeping bull wakes up. On Dec 12, 2017, the price went from $0.24 to $0.86 in three days. On Sept 18, 2018, the price went from $0.27 to $0.76 in less than four days. XRP pays a lot of respect to horizontal resistance levels based on prior price action. Take a bit of profit at each resistance level because you never know where or when it's going to turn around.