We're channeling within a little pennant. I'm not intending to sell at this target, but if someone were to day trade this, I wouldn't blame them. I see the big breakout happening towards the end of the month, but this move is staring me in the face, and I'd be remiss to not say anything.
The one flank I see is that Bitcoin is dropping, and XRP could follow. We'll see.
The one flank I see is that Bitcoin is dropping, and XRP could follow. We'll see.
Trade active:
Entered the circle, broke resistance. Taking a slight dip intrabar, I expect if there is a higher low on the 1m timeframe there will be some momentum to do another push and break resistance again.
Comment:
Sideways motion along support for the time being. Looks like the hit on Bitcoin (1.71% as I type) was too much to bear for XRP for now. Will continue watching, and will be surprised if we divert much lower than the .885 support.
Trade closed: stop reached:
Closed out. Bitcoin took a nosedive
