Today’s Coin’s XRP has retraced about 75% since it’s 2018 ATH @ $3.29. Looking at our daily we see price has triple topped inside our major resistance zone ($0.90) price is currently testing our support zone @ $0.70, stochastic RSI showing momentum is bearish. Expecting a drop towards our dynamic support and support soon @ $0.60, leading us to the 2018 bull market. End of year target $7.00
How do I plan to approach this? Most would buy XRP through a cryptocurrency exchange such as Bittrex, Binance, Kraken, etc.
However I plan to trade XRP/USD through a Foreign Exchange, Why? Simply because cryptocurrencies are starting to be accepted as a market. Forex brokers are now offering traders leverage when trading some cryptos. Granted leverage is a double edge sword, when used properly results can be spectacular. If you are looking for a forex broker that offers 50:1 leverage and want trade BTC/ETH/LTC/XMR/XRP/USD pairs please send me a direct message.
How do I plan to approach this? Most would buy XRP through a cryptocurrency exchange such as Bittrex, Binance, Kraken, etc.
However I plan to trade XRP/USD through a Foreign Exchange, Why? Simply because cryptocurrencies are starting to be accepted as a market. Forex brokers are now offering traders leverage when trading some cryptos. Granted leverage is a double edge sword, when used properly results can be spectacular. If you are looking for a forex broker that offers 50:1 leverage and want trade BTC/ETH/LTC/XMR/XRP/USD pairs please send me a direct message.
