SynergyTradingSetups

XRP - Ready to go parabolic?

Long
XRP has been in an accumulation phase for over a year, we are confident that this accumulation phase will result in a substantial markup phase and so we have been accumulating for a while also. Our long term targets are posted below.

If you were to play it in the short term then we are above a key level from history, possibly the most important one, showing bullish convergence with perfectly poised indicators. The double bottom also shows confidence for buyers. There are two levels to trade in the short term.
Comment:
Getting ready, don't miss the train
Comment:
Currently we have broken down from the exponential demand trend. Having said that we are holding above 54-56 cents. Stay above and we look to break back above 60 which would be bullish. Break below and we could easily head to 46c
Comment:
As we said!!! Now break 60c and we're in business

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