XRP | ST Long H1 | Chance to Rally

Pair: XRPUSDT
Timeframe: H1
Direction: Long

Technical Confluences for Trade:
- Stochastic momentum is neutral
- Price action supported by 100MA
- Price bounced off 61.8% Fib levels

Fundamental Confluences for Trade:
- XRP plans to launch US-denominated stablecoin to bridge the gap between Crypto & Fiat will help generate more uses & liquidity for the XRP Ledger blockchain

Suggested Trade:
Entry @ Area of Interest 0.6030 - 0.6100
SL @ 0.5856
TP 1 @ 0.6225 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.6405
Risk-to-Reward @ Approx. 1.72 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.

Trade closed: stop reached:

Market riots from the Israel-Iran concerns. Hopefully, war doesn't break out.

Hit our Stop Loss levels. Will reconsider again if markets stabilize.