Hello everyone,
this is an update to my previous idea for Ripple (XRPUSD).
![[CRYPTO] Ripple Preparing For A Breakout](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
The price took the red path and is now sitting at a multi-month trendline, which could result in a good opportunity for a long position.
This mostly depends on the performance of the rest of the market - even though i think there's i not much room left (to the downside) for ripple.
Below $0.40 i'll start considering long position in anticipation for a bounce back to the key level (purple area).
If you like this idea, please let me know by commenting or liking. Feel free to share your own idea in the comments as well. Also, check out the stuff below ⤵️
this is an update to my previous idea for Ripple (XRPUSD).
![[CRYPTO] Ripple Preparing For A Breakout](https://s3.tradingview.com/0/0IOk4Kcj_big.png)
The price took the red path and is now sitting at a multi-month trendline, which could result in a good opportunity for a long position.
This mostly depends on the performance of the rest of the market - even though i think there's i not much room left (to the downside) for ripple.
Below $0.40 i'll start considering long position in anticipation for a bounce back to the key level (purple area).
If you like this idea, please let me know by commenting or liking. Feel free to share your own idea in the comments as well. Also, check out the stuff below ⤵️
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