XRP is looking ripe for a long-term buy here.
We've seen destruction in this market over the last few weeks, and XRP has fallen to its 2 month 4 Hour pivot zone of control ($0.85/0.80).
With another 4 hour bounce off of this zone, I'm feeling confident we can make the push to the next levels and finish out this bull cycle into September.
Buying between 0.83 and 0.90
Targets I will be taking profit at and looking to add more at once confirmed support:
Target 1: $1.2212
Target 2: $1.5910
Target 3: $1.9050
This analysis will be invalidated with two 4 Hour candle closes below $0.70
We've seen destruction in this market over the last few weeks, and XRP has fallen to its 2 month 4 Hour pivot zone of control ($0.85/0.80).
With another 4 hour bounce off of this zone, I'm feeling confident we can make the push to the next levels and finish out this bull cycle into September.
Buying between 0.83 and 0.90
Targets I will be taking profit at and looking to add more at once confirmed support:
Target 1: $1.2212
Target 2: $1.5910
Target 3: $1.9050
This analysis will be invalidated with two 4 Hour candle closes below $0.70
Comment:
A 4Hour break and close above $1.06 should signal buyers to jump back in. Extremely important level over the next day or so.
Comment:
If you entered in the parameters given, put stop losses at break even. This is now considered a 100% risk free trade. Lets get those targets!
Comment:
Exited on small profits, and reentered for the next run. This idea is still valid!
If you followed the parameters, you got yourself some incredible entries over the long weekend!
Time to change the sediment and run this baby to its marked out levels, I will keep you all posted on what we are doing!