Fundamentals
1. XRP is making good grounds
a. On the occasion of Ripple partnering up with Santander Bank a couple of days ago.
b. It is making multiple partnerships with other organisations like money gram and other financial institutions.
Technicals
1. The prices have been consolidating around the 0.64 range to 0.69 range.
2. A break out is expected, especially with the bullish sentiment in the crypto space.
3. RSI is not as over bought as other crypto assets but is still on a upwards trajectory.
4. MACD has just barely begun to widen, thus low probability of reversal to the down side can be expected
5. Good RR ratio.
TP: 0.9266
SL: 0.63
RR Ratio: 4.7
1. XRP is making good grounds
a. On the occasion of Ripple partnering up with Santander Bank a couple of days ago.
b. It is making multiple partnerships with other organisations like money gram and other financial institutions.
Technicals
1. The prices have been consolidating around the 0.64 range to 0.69 range.
2. A break out is expected, especially with the bullish sentiment in the crypto space.
3. RSI is not as over bought as other crypto assets but is still on a upwards trajectory.
4. MACD has just barely begun to widen, thus low probability of reversal to the down side can be expected
5. Good RR ratio.
TP: 0.9266
SL: 0.63
RR Ratio: 4.7
Trade closed: target reached