Aaannndd... Lift-off! 🚀

The bulls are at it again! The price just increased by 20% within just 5 hours. In this technical analysis I show you how I suggest to trade XRP now that the price is shooting upwards.

Kommentar:

XRP has the tendency to move upwards extremely fast and it felt like this could've been such moment. However, also taking into account the relatively low volatility for the entire cryptomarket at the moment combined with the fact that it's a Sunday actually should have lowered my optimism in retrospect. Hey, we're all here to learn.

I changed my mindset a little bit and focused on how to build up this XRP long trade into two smaller more rational trade set-ups. Check out my next idea how to trade XRP given this new information: