Just a simple idea but the chart is pretty clear to me.
XRP is on the bottom trendline of a channel and it could skyrocket to the upper trendline.
I would pay attention to the $ 0.5 zone because there is an important resistance but, should the prices push through it then XRP could skyrocket to test the upper trendline.
For your own safety remember to put a stop loss just under the trendline.
XRP is pretty stable since a week and demonstrated pretty resiliency during the last BTC correction, but volumes are low, this is my main concern.
Remember to DYOR and trade safe!
Jack
XRP is on the bottom trendline of a channel and it could skyrocket to the upper trendline.
I would pay attention to the $ 0.5 zone because there is an important resistance but, should the prices push through it then XRP could skyrocket to test the upper trendline.
For your own safety remember to put a stop loss just under the trendline.
XRP is pretty stable since a week and demonstrated pretty resiliency during the last BTC correction, but volumes are low, this is my main concern.
Remember to DYOR and trade safe!
Jack
Trade closed: stop reached:
I've been stopped as tonight XRP broke the bottom trendline. Low volumes play a big game here. Now looking for a good entry point.