Very happy with the ripple trade as the bull flag really paid off for us this time. I recovered my initial investment around 20c and now on a free ride with XRP.
Short term view for XRPUSD
We can see the sellers taking profits between 70c and 90c, RSI is still above 50 indicating that the market is still quite bullish, however on the flip side the ichimoku cloud shows that buyers and sellers are quite evenly matched at this point.
This usually results in a breakout up or down, should the prices fall I expect support to come in around 50c – 60c for xrpusd.
You an look for the breakout trade above 90c, please be aware that we usually wait for prices to consolidate before we jump in. Safe trades.
Feel free to discuss any of my market analysis with us in Slack.