XRPUSDT is at a support level at 0.325 which is our 61.8% Fibonacci retracement. This is our second return to this level. XRP found resistance at 0.389-.39. If we do not bounce here we will continue down. Second level of support falls along .285 cents and a break of that could send us straight to .23 - .26 zone.
Stochastic is in an overbought condition where we might see price hold here.
Bullish break of descending triangle also indicates bullish intent as the network grows.
A re-entry to buy would be at this support level 1 .310-.330 zone
Re-entry 2 would be out support level 2 .285-.289 cents.
SL: below .17
TP1: 42 cents
TP2: 50 cents
Long term...hold until year 2023 and also hold some until 2030 when Inter-ledger Protocol is at full maturity. You'll thank yourself then. I suggest 1,000 to 10k per decade depending on affordability. This is my opinion :)
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There has been a lot of fundamental news support the growth of XRP. I will list some below for my followers! We have been buyers for awhile and accumulating our positions. Just this week we have also had our first bullish weekly candle so I can see another test higher after finding support here at these levels.
Fundamental news to support the strength of XRP.
COINBASE SUPPORTS VISA CARD WITH AUTOMATIC RATE CONVERSION OF BTC ETH XRP AND LTC
www.forbes.com/sites...-payments-a-reality/
RIPPLE DOUBLES ITS STAFF
dailyhodl.com/2019/0...-crypto-integration/
Charity Publicity
www.ccn.com/ripple-c...alifornia-university
Ripple Honored at the World Changing Ideas Awards for Developing xRapid
ethereumworldnews.co...r-developing-xrapid/
Fintech Innovation in South East Asia points to using XRP
ripple.com/insights/...starems-prajit-nanu/
---------------------------------
NOTE: There is always a chance for a flash crash in this realm as the market continues to mature. Please be advice and take trades with caution. As always this is not financial advice just my opinion.
Stochastic is in an overbought condition where we might see price hold here.
Bullish break of descending triangle also indicates bullish intent as the network grows.
A re-entry to buy would be at this support level 1 .310-.330 zone
Re-entry 2 would be out support level 2 .285-.289 cents.
SL: below .17
TP1: 42 cents
TP2: 50 cents
Long term...hold until year 2023 and also hold some until 2030 when Inter-ledger Protocol is at full maturity. You'll thank yourself then. I suggest 1,000 to 10k per decade depending on affordability. This is my opinion :)
-------------------------------
There has been a lot of fundamental news support the growth of XRP. I will list some below for my followers! We have been buyers for awhile and accumulating our positions. Just this week we have also had our first bullish weekly candle so I can see another test higher after finding support here at these levels.
Fundamental news to support the strength of XRP.
COINBASE SUPPORTS VISA CARD WITH AUTOMATIC RATE CONVERSION OF BTC ETH XRP AND LTC
www.forbes.com/sites...-payments-a-reality/
RIPPLE DOUBLES ITS STAFF
dailyhodl.com/2019/0...-crypto-integration/
Charity Publicity
www.ccn.com/ripple-c...alifornia-university
Ripple Honored at the World Changing Ideas Awards for Developing xRapid
ethereumworldnews.co...r-developing-xrapid/
Fintech Innovation in South East Asia points to using XRP
ripple.com/insights/...starems-prajit-nanu/
---------------------------------
NOTE: There is always a chance for a flash crash in this realm as the market continues to mature. Please be advice and take trades with caution. As always this is not financial advice just my opinion.