Ripple forming another cup? Potential double. Long

XRP / Tether USDPoloniex

Description

⋅ Jan 7, 2018 11:38 PM

XRP is priming for another rally to new highs despite less than ideal news from Coinbase. http://www.zdnet.com/article/coinbase-dismisses-rumors-of-ripple-trading-addition/

Potential targets include the 61.8 extension of the previous run, $3.78, and the 38.2 and 61.8 extensions of the most recent run, $4.50 and $5.20 respectively.

Wait for breakout above $3 or set stop below $2.40

Trade closed: stop reached

⋅ Jan 9, 2018 12:17 AM