Hi dear patrons, hope you are well and welcome to the new trade setup of XRP.
Our last successful XRP trade was as below:
Now on a monthly time frame, XRP has formed a bullish Gartley pattern.
Buy and sell targets: Potential reversal zone: $0.50 to $0.1013 but there is strong support at $0.17.
Sell between: $1.06 to $1.65
Stop loss: Below $$0.17., because there we have strong long-term support.
Possible profit and loss ratio: This move can be really huge upto 870%, and a high loss possibility is 66%. Therefore, in order to minimize the risk factor we can wait for Bitcoin to breakout the wedge on the weekly time frame, and I will keep posting updates for that breakout.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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