Hope you all doing well in crypto as well as in life.
So today I'm gonna share some TA on XRP. Many of my subscribers and followers asking me the right time to re-entry in this market. As I always say, NO MATTER YOU SEE DOWNTREND OR UPTREND - OR BULLISH - You can always make profit from it.
Soon I'll coverup all these in my next videos on youtube @open4profit.
1. Last 2 weeks XRP is running sideways, and its playing in between 61.8-50% Fibonacci.
2. If we see the and , XRP is overbought here, that means high chance you will see some correction and rates might come bit down, that doesnt mean xrp is bad. xRaid + RippleNet = BOOM.
3.What to do now? If it comes down below 61.8 fib, chances are xrp will be somewhere between $0.39-$0.44. Also make sure you keep an eye on . Once comes to 30 and green cross over red - BUY IT.
4. Book Profit when comes close to 70.
5. Time to enter - wait for some dip - DONOT ENTER NOW.
6. Stop Loss - use 1:5 Risk Reward Ratio here for xrp.
7. My Targets - Already got a hint from charts that price will go again at $0.80 and high chances of $1 too. If FIB 50% broken upside - will see $0.7 very fast.
That's it for now. If you liked my analysis SMASH THE LIKE BUTTON - SHARE IT - AND FOLLOW ME FOR MORE UPDATES
DISCLAIMER: ALWAYS DO YOUR OWN RESEARCH AND BEFORE DOING ANY TYPE OF INVESTMENT.