XRP remains an asset to watch - my next "big" trade of the season.
We remain consolidating underneath critical resistance. A successful breakout of $0.5572 is going to lead to an aggressive long - while any violent rejection downwards is going to trigger a short back down to our Demand Zone at $0.32.
Volatilty is starting to contract on the Daily Timeframe for XRP.
Watch for Daily Breakdowns of $0.50, that is our new Support Level and we already put in a deviation of that level with a drive down to $0.46.
If XRP is going to successfully breakout, there's no reason to revisit that level of support again. Breaking down below it would be an early trigger for our short position.
XRP like BTC and ETH are pumping today.
XRP just drove down into a Demand Zone, again, watching this Demand Zone is crucial for catching an early short if XRP breaks down here.
Until that happens, we trade to the Long Side like everything else and see if XRP can break short-term resistance at $.5280.
Subscribe to the Crypto Alpha Report to receive my insights in your inbox daily. Data-driven research to keep you armed and dangerous.
academy.crackingcryptocurrency.com/newsletters/crypto-alpha-report/subscribe
academy.crackingcryptocurrency.com/newsletters/crypto-alpha-report/subscribe
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Subscribe to the Crypto Alpha Report to receive my insights in your inbox daily. Data-driven research to keep you armed and dangerous.
academy.crackingcryptocurrency.com/newsletters/crypto-alpha-report/subscribe
academy.crackingcryptocurrency.com/newsletters/crypto-alpha-report/subscribe
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.