previous news have put RIPPLE under intense pressure and provides us a nice chance to buy the breakout of the previous consolidation. We often see that circumstances change with the news-flow attracting buyers to come back.
Technically we get an awesome risk-reward which is worth a try here. In terms of correlations we can expect RIPPLE to follow Bitcoin and Ethereum on their current journey to the moon.
XRP/USD: Investment
Market-Buy: 0,21000 Stop-Loss: 0,11000
Point of risk-reduction: 0,61400 Take-Profit: 2,79750
What do you think about RIPPLE? =)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
Fundamental circumstances can change at any time. I`m just wondering why XRP didn`t break the demand-zone if these news are so horrible. Would be the perfect spott to fool retailers and get to get rid of positions, but that didn`t happen so far.
Just an idea worth a try with awesome risk-reward. You don`t need to follow.
MrLongTerm
⋅
@sinapsis490, This is exactly what we are saying :-)
IamPhoenix33
⋅
@Trading2ez Only because the retailers who still hold XRP are broke, out-of-touch professional bagholders who seem to love the pain of getting consistently rekt ... I don't understand why people "buy the dip" on a piece of HIT like XRP instead of actual cryptoassets with real use cases (for example, Monero). Thanks for sharing your idea. 💋
emrelg
⋅
Awesome catch thank you jeremy
abel11
⋅
despite the news, technical analysis will tell us what to do. thank you for sharing
Dave-FX-Hunter
⋅
Interesting, good luck.
trainsford
⋅
I like this buy zone area for risk and reward. I think we may consolidate around 0.1 to 0.2 until positive news breaks. If things get worse news wise then who knows how low it will drop.