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Long

Ripple is making its way out of a long-term descending channel

BITFINEX:XRPUSD   XRP / U.S. Dollar
XRP price is getting in a bullish zone against US Dollar and Bitcoin pair. XRP/USD could advance above the $0.33 level if buyers remain in control. Price also crossed 100 SMA which gave some more fuel to bullish momentum.

XRP formed low at the $0.25 level, double test it and reversed to the upside. The best thing in reversal was clear close above the $0.30 level. We are now in the second green daily candle which indicates this bull run has some more fuel to go.

XRP performed many crazy bull runs before, so keep in mind we are not out of the bear trend yet, but things are getting interesting at these levels, especially as Ripple officials yesterday indicated that xRapid could come to live soon.
Comment: Nice move, hope you captured the whole jump, its not over yet, I strongly believe XRP has a lot further to go.
Trade closed: target reached: $0.55 reached.

Take profit, enter lower again.
From one PRO Tradingview to another.... :thumb:
+1 Reply
So X3 posaible? What is your target?
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Zenter Zenter
@Zenter, ah just saw that in the graph
Reply
@Zenter, we need a couple of good days - green daily candles -, but after long time, its the first bullish break out. The overall trend is still bearsih for now, weekly chart is still broken down, so keep trading on this momentum and look for signs of possible reversals. $0.42 and $0.55 targets.
+2 Reply
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