FieryTrading

🔥 XRP Fibonacci Game Plan After Massive News

Long
FieryTrading Updated   
BINANCE:XRPUSDT   XRP / TetherUS
Everyone has seen XRP do some crazy things yesterday. Won't go into that in this analysis, but we can all agree that it's generally great news for crypto as a whole.

In this analysis I want to take a look at the coming ~2 days and how I will approach XRP. There's a lot of volatility around this token, which is risky, but offers great opportunities.

I'm patiently waiting for the price to make a move to the purple triangle area, between the 0.5 and 0.618 Fibonacci retracements. At the same time, I want to see the 15m RSI hit oversold levels.

In my eyes, this is one of the best potential entries that we can get. Target will be the 0.90 area, with a stop preferably below the 0.618 Fibonacci retracement line.
Comment:
Also wanted to congratulate you if you traded my previous XRP signal:


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