In this technical analysis I will share a trade set-up with you that many of you will have missed. The reason it is missed is because XRP is very volatile right now and lots of people focus too much on the bigger picture. They either worry about the SEC complaint or look at the chart way too zoomed out. In reality there are lots of fantastic short term opportunities such as the one I present here. Don't worry, I will explain it step by step so you can benefit as well.
Just to recap, also based on my earlier ideas on XRP after the SEC complaint came in. It is very dangerous holding XRP long term, as its future is less certain than it has been before. However, big announcements and newsworthy events only happen once every so many months. The SEC complaint will also take a very long time to play out. Inbetween those events there is plenty of technical analysis that can be performed.
I will keep sharing ideas and trade set-ups for XRP. The volatility is amazing, and the support and resistance zones are still playing out as normal. Just be careful you don't enter a trade during when big announcements are to be made. Be safe and trade with a stop-loss on XRP!
Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me.
- Trading Guru
-------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
I would also like to remind you that I make all of this available completely for free. If you like my work, you can help me out greatly by giving me a thumbs up on this idea
UnknownUnicorn14480344
⋅
So I understand this correctly, you are saying it will drop to .31 and then sell @ .36?
I think that long term it is still a good hold. Amazon just did a deal with Ripple in Paraguay so more and more big companies still partnering despite the lawsuit.
FlowersFor
⋅
@powersmurfuk, im sure it will go up a longer term
UnknownUnicorn14480344
⋅
@FlowersFor, For sure, but looking for a good entry point.
Trading-Guru
⋅
I will be posting more of these regularly, so follow me to find out about great trading opportunities