We had taken long positions before this strong rally, and reentered recently. The chart implies that XRP might break out once more during Q2. I'm holding longs, in anticipation of this rally, and waiting to add more once we do confirm the next rally. Target is around 180% upside from here in the short term, and eventually could go as high as 0.41+-, so it will be an interesting trade if it pans out favorably.
Good luck if already long, or entering now. Keep the volatility in mind to size your trade.
Cheers,
Ivan Labrie.
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The key level for the Bank of England should obviously read 'Real-time' not feal time hehe...my bad.
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-This does look pretty good, let's see how it develops-
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If you followed this trade, you're a total friggin' rock star from Mars too.
Hodl!
Watch out for dips to add, or just bank it here and watch to reenter on dips.
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Very strong action in XRP, I hope someone took it with me s3.amazonaws.com/tradingview/snapshots/c/CxAX6XjR.png The dip came, we added and banked that dip entry for a quick 0.21% gain. Holding our initial entries off the lows.
You can see that so far I was right about the top and consolidation or correction...have to wait for it to end by June 8th approximately to enter longs again.
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Watching it drop...waiting for the bottom.
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There is a quarterly uptrend active still, although we hit the uptrend target faster than normal...so it could be volatile. It was, we got a sharp correction, but now buyers stepped in. Sadly it didn't correct as expected and we didn't get a reentry signal, so for now, we stand aside and wait for a new low risk trade. Only option is long, but not before a new signal materializes. We wait for June 8th and we will monitor the charts.
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XRPUSDT looks to be accumulated up here, but there's no buy signal yet, we need to wait for now
Trade ist aktiv
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XRP has some considerable upside pending, if it manages to climb above support and hold here on this drop.
@Hajar1, thanks. I am watching it. I would like to see it hold above yesterday's high.
Paczcz
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I know for sure that XRP has a lot of potential as a 1 tier coin, but what do you think about the economics of it? (Coin supply, price, market cap)
IvanLabrie
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@Paczcz, I like their efforts to reduce apparent risks, by using an escrow to hold most of the funds they hold. There are some interesting things being done, to further 'descentralize' their validators and nodes, to not be centralized under one entity's control. I think it is a solid hedge to BTC, or other POW coins, good to add to a portfolio in this space.
BernhardAnalytics
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great job Ivan
IvanLabrie
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@BernhardAnalytics, thanks! I can do ok when the market is trending. You had a pretty great entry btw ;)
Paczcz
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Looks like its moving, both XRPUSD and XRPBTC charts are at key decisive levels here. Breaking up today, maybe tomorrow would be very bullish for the next month