XRP finally (after almost 2 years!!!) arrives in the long zone

Everything noteworthy mentioned in the chart. After waiting almost 2 years, XRP is finally arriving in the sweet spot area for a long attempt. Spotting these algo levels functions pretty damn well in the futures market, and it seems it works with crypto as well, have a look how exact the levels are respected. And these major keylevels are known since Dec '17! You can scroll back in the chart so see where they come from (weekly and daily chart).

But be careful: Below those levels it gets really, really ugly!!!

Best of luck
Phil

Trade active:

Buy trigger triggered

Comment:

XRP once again approaches the buying zone - opportunity!

Comment:

XRP is stabilizing above the area of support and testing time and again the key levels as you can see for yourselves.

We saw the mentioned lower low (text in blue in the chart), but we have not reached the lowest key support of 0.20307. It is not necessary and we can definitely surge from here, but be cautious that a final push down could occur before some truly strong bullish price action. This is a very crucial time for XRP at the moment. The developtment of the price in the next few days and weeks will determine the midterm price action. I got my bags and am betting on the bullish scenario that XRP can hold this region. But I will liquidate my position if we drop lower, because then we could see a sharp drop lower and I'd rather buy at even lower prices then.

Don't be prey, stay focused, rational and lets make some money!

Cheers
Phil

Comment:

Still bottoming out in the zone, which is known for months! Don't panic! But be cautious at the same time - a break below 0.20 could lead to an ugly sell-off. But as long as XR holds (and please look at the precision and volume spikes at the levels...) these levels, this is a buying opportunity. And the beauty is - you know where to get out and the risk reward is huge