Trade_Setup

Ripple exploded as expected and still has further to go

Long
BITSTAMP:XRPUSD   XRP / U.S. Dollar
Ripple rallied up and out of contraction as buyers dived into the action. The move up is getting extended which will eventually lead to some profit taking. Risk is below the recent low around 0.27200 as a move to this area will trigger a deeper correction so we would then be happy to be on the sidelines. If the action continues higher from here then happy days and we will ride the wave up.

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