XRP: Awesome Breakout! But Important Support Now
XRP perfectly broke the bottom support, just like EOS as we had analyzed yesterday:
Beware though: We have now arrived at the previous lows in the 29,5-28,5 region: A bounce could be expected here, esp. if Bitcoin breaks its current Equilibrium bullish:
So if you played the breakout (as I did), you can definitely look towards taking partial profit, and even fully closing the position, if BTC breaks out bullish: XRP in USD would probably stay neutral in that case at least.
If BTC on the other hand sees a bear break, we could definitely still see some decent follow-through on the short site.
If you didn't see this breakout coming, and if you wanna learn for yourself how to recognize breakouts, let me know, happy to teach you! ;) Have a great weekend my friend.
Beware though: We have now arrived at the previous lows in the 29,5-28,5 region: A bounce could be expected here, esp. if Bitcoin breaks its current Equilibrium bullish:
So if you played the breakout (as I did), you can definitely look towards taking partial profit, and even fully closing the position, if BTC breaks out bullish: XRP in USD would probably stay neutral in that case at least.
If BTC on the other hand sees a bear break, we could definitely still see some decent follow-through on the short site.
If you didn't see this breakout coming, and if you wanna learn for yourself how to recognize breakouts, let me know, happy to teach you! ;) Have a great weekend my friend.
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