I think $XRP is about to surprise a lot of traders, and I'm taking my chance here. 👀
I'm looking for a BIG LONG on $XRP here.
TP: $1.100
SL: $1.035 👇🏻
There's a reason I'm interested in this trade.
$XRP has been moving sideways after that sharp sell-off, but notice something. Every time price gets close to the $1.04–$1.05 area, buyers manage to pull it back.
The market has had several chances to break this support, yet we're still trading above it.
Now, that doesn't mean the downtrend is over. But if buyers can turn this small recovery into a break above $1.06–$1.07, the next move could be much more interesting.
I'm targeting $1.10 because that's where I expect the next major upside test. A move toward that level could also put pressure on traders who shorted near the recent lows.
I wouldn't be surprised if XRP dips once more before moving higher. That's why I'm more interested in buying near support than chasing a sudden green candle.
My expectation is a recovery toward $1.10, provided this support holds.
I'm looking for a BIG LONG on $XRP here.
TP: $1.100
SL: $1.035 👇🏻
There's a reason I'm interested in this trade.
$XRP has been moving sideways after that sharp sell-off, but notice something. Every time price gets close to the $1.04–$1.05 area, buyers manage to pull it back.
The market has had several chances to break this support, yet we're still trading above it.
Now, that doesn't mean the downtrend is over. But if buyers can turn this small recovery into a break above $1.06–$1.07, the next move could be much more interesting.
I'm targeting $1.10 because that's where I expect the next major upside test. A move toward that level could also put pressure on traders who shorted near the recent lows.
I wouldn't be surprised if XRP dips once more before moving higher. That's why I'm more interested in buying near support than chasing a sudden green candle.
My expectation is a recovery toward $1.10, provided this support holds.
