Bitcoin bounced of 7200 , indicating alt session will get some needed love over the next few days. If bitcoin holds above 7200, this would indicate a Higher low and the consolidation continues to the upside now. XRP has been over sold and now its a good opportunity based on the risk/reward criteria. This is not a hope and hold but an actual calculationed risk per trade. Use 1-5% of your portfolio to buy here and hold it for the next wave up. Expect to break out of the bearish channel and move up to resistance.
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We have strong support at 0.57 area. its worth doubling down on this entry to average the entry price to .59 and exit out on the next wave up.
Comment:
closed the trade today.