My plans regarding xrp
2024-03-10

With Bitcoin hitting new ATHs we see some momentum building up in XRP. Last cycle when Bitcoin crossed it's ATH XRP exploded by something around 170%. May not happen so quickly again but the charts are pointing to more upside.

Presenting the chart and a trade idea that displays a position that i'm in already. Got a slightly better entry with over 2 cents in profit at the time of writing it.

I think that the recent drop to 0.5386 could've been the last correction move before a long term breakout to the upside. Even with this entry R/R ratio is at 1:2 so it is a trade that's worth taking from this perspective. Personally I'm hoping for a greater move that will potentially push XRP above the highs from the last cycle.

With violet colour I've marked the price ranges of XRP that I will be using to take advantage of corrections and breakouts in order to secure the best entries and exits as I'm managing this position.

Good Luck