XRP has been moving crazy lately. Seen a break of structure to the upside on the 1HR... My next purchase target is a retracement around 0.26-0.27 range! I think the bottom has already been reached despite the SEC lawsuit.
*this is just my opinion, I am not a financial advisor*
Here is my analysis for XRP! Despite the SEC lawsuit, I choose to ignore it as I see news as an excuse for market manipulation... I believe 0.17 was the bottom, if it breaks below that, I will reanalyze. As it stands, I believe xrp has to first touch 0.26 and retrace in order to push up further. Higher-lows are being made, and we broke a 1HR range (currently...
Long bias on oil, failure to break/close below 19.50 support area. This is a very good risk to reward trade
Stop loss: 18.880 (100 pip sl)
Take profit: 28.00 area- open tp
Please trade responsibly! Good luck!