Trading-Guru

XRP Just Dipped Below 17 cents gain! (HUGE Buy Opportunity)

Long
As you can see from the highlighted red dots, every time XRP suddenly feel it found support on a value near the 17 cents region.

This time it was no different, the entire market dumped massively and a chain reaction caused one asset after the other to lose a lot of value in a short amount of time.

However, XRP was already not doing great but didn't deserve such a low price. There is incredible support around the .17 region as we have seen in previous drops. And for a few seconds today the price even dropped below it.

This caused the bulls to wake up again, and created a fantastic buy opportunity where you can enjoy the ride upwards again to find more normal levels for XRP to trade on.

I suggest a long position here that is closed relatively early, because if you look at recent price action XRP was actually not doing too well.

A logical exit for me would be around .18 as this is where the price was trading before and anything beyond it would just be speculation at this point.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!


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