StealPipsSal

XRPUSD breakout of triangle pattern $.40 in next few days

Long
BITSTAMP:XRPUSD   XRP / U.S. Dollar
XRP has been forming a triangle pattern over these past few days on the lower time frames and it has just broke out of this formation. It had peaked at around $.25 and looks like its coming back to retrace and retest the $.22 zone. I believe that XRP will be touching around $. 40 within these next few days behind the strength of this breakout so this may not be a bad swing trade idea. Also, for my XRP holders, you may want to consider stacking some more XRP while it is still in the 20 cents range. Our moon landing arrival is approaching soon so stay tuned.

Comments

What about the SEC lawsuit?
+1 Reply
@HamedH2, you could go check out my other XRP idea and see what I said about it
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HamedH2 StealPipsSal
@StealPipsSal, but most of the blockchains are about to roll out xrp form their platform. I am etoro user just received a not that they are going to close all the xrp positions.
Reply
@HamedH2, Most platforms are suspending trade not delisting it entirely. Nothing will happen to your XRP wallet in most of these exchanges, you just won't be permitted to buy and sell anymore, but most of the exchanges doing this are U.S. platforms. They're trying to maintain a reputable image since it's the SEC, a U.S. governing body that's suing ripple. No other countries have delisted or suspended trade on XRP and most of the trading volume doesn't come from the U.S. regardless. If you're looking for a U.S. exchange where you can still buy and sell XRP, Uphold said they are not delisting or suspending XRP trade and they stand behind ripple. I'm not concerned at all.
+3 Reply
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