XRP - trade plan
XRP will find a bottom, retrace and then need to retest before it begins a new move up. I would expect the initial move up to be very hard and fast as I believe most large investors will enter there.
breaking through .35 will be the first bearer XRP will need to overcome. I would expect some difficulty here but not as much as at .40 and .44.
when xrp break above .44 this will signal reversal and growth. I don't expect this until after new year.
but if price holds at .30 then I see first upward targets at .35 -> .40 -> 44.
retrace to confirm support at .35, then moon.
this is a long term plan, but my entry will be most likely after a move up and test at .35
breaking through .35 will be the first bearer XRP will need to overcome. I would expect some difficulty here but not as much as at .40 and .44.
when xrp break above .44 this will signal reversal and growth. I don't expect this until after new year.
but if price holds at .30 then I see first upward targets at .35 -> .40 -> 44.
retrace to confirm support at .35, then moon.
this is a long term plan, but my entry will be most likely after a move up and test at .35
Note
Looks like we made a plan little early. Price broke .30 and touched .21. But this is why it’s good to plan. We did make a buy at .22 and now waiting for the plan before all in. but with modified targets.
First target at .37 then buy in at .33
Note
hit .37 ... touching .33trade is risky. No idea to know if peoples perceptions of the sec suit have changed, or if this is a temporary pump.. There is a lot of upward pressure so we will see if price continues up over the weekend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.