roastednuts

LONG XRP.... burst to 40 cents

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BITFINEX:XRPUSD   リップル/米ドル
I've been watching XRP over the last year or so. It is very clear there is a strong bottom in place for support and once again we are in that zone. If this support gets broken theni do believe a large fall is highly probable. However, in terms of a short term trading opportunity I believe we are at a nice entry point that provides us with a nice tight stop with good potential upside.

There is a repeating pattern in play with XRP at this support level. A very simple analysis done over time. We will watch and see how it plays out. Long position entered.

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