Been in this downward channel since the beginning of this month.
Some rebranding news seems to be floating around. Could give XRP the much needed push.
Secondly, seems to be forming a descending wedge on the hourly.
Well, the point is we need to keep an eye on XRP.
I'm going long with tight stop loss for Scenario 1 (Blue Arrows)
If that fails to break out, I'll go long around 8082 for Scenario 2 (Purple Arrows)
This makes an ideal scenario for XRPM18 long on Bitmex
Overall, I'm bullish on XRP as a good 2-4 weeks hold.
Some rebranding news seems to be floating around. Could give XRP the much needed push.
Secondly, seems to be forming a descending wedge on the hourly.
Well, the point is we need to keep an eye on XRP.
I'm going long with tight stop loss for Scenario 1 (Blue Arrows)
If that fails to break out, I'll go long around 8082 for Scenario 2 (Purple Arrows)
This makes an ideal scenario for XRPM18 long on Bitmex
Overall, I'm bullish on XRP as a good 2-4 weeks hold.