XRP Spike & Retrenchment
As you can see over here is XRP chart for the past 3 days. Starting with beautiful spike on 30th and immediate retrenchment on 31st Jan. Pretty much failed to hold long trend for at least few days. The reasons is unknown, however to utilize on current situation, There are 2 areas for long and short entry. This could be sideways for few days as according to volume indication; thus favors within the current range of price around 0.31 ~0.30. I would say if XRP manage to surpass the 0.317 resistance it would be an early long trend entry. On vice versa side, if XRP goes short below the 0.303 support area, price will be consolidated at range of 0.3 to 0.28.
It depends on how you going to trade it. This is only applicable for days trade. For long term (weeks to months) trade as we know crypto is accumulative game where it tend to pronounce sudden spike.
Long beyond 0.313 Target 0.33
Short 0.308 to 0.295
around 20 cents while stop loss 10 cents
Risk Ratio RR rate 0.5:1
It depends on how you going to trade it. This is only applicable for days trade. For long term (weeks to months) trade as we know crypto is accumulative game where it tend to pronounce sudden spike.
Long beyond 0.313 Target 0.33
Short 0.308 to 0.295
around 20 cents while stop loss 10 cents
Risk Ratio RR rate 0.5:1
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