The XRP bulls have failed to sustain momentum over the last couple years after the price peak in 2018. Against BTC and the dollar XRP is currently signaling the potential for a change in sentiment from bullish to bearish. The Commodity Channel Index has now triggered a buy on the daily chart according to my trading system. The only thing that denies this setup for me is a close below the previous peak at .12 which is significantly below the current price. I personally have added the first portion of my investment at the current level and will most likely average down if the opportunity presents itself over the next few weeks/months. Set your stop-loss level according to your risk tolerance level.
Entry: .1765 Target 1: .2500 (41%) Target 2: .3100 (75%) Target 3: .4500 (154%) Stop: Based on personal risk tolerance
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Position remains open as XRP marches towards our first target.
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Target 1 has been breached for a 41% gain. XRP is now heading towards target 2 for a 75% move.
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Target 2 has been hit for a 75% rally from entry. Book profits along the way.