BITFINEX:XRPUSD   XRP / U.S. Dollar
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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
Jul 05
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.
Amazing, keep publishing and leave us a like aswell :)
+1 Reply
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