XRPUSD has reached it's maximum bullish potential. It is highly unlikely that it will form a new top, at least in next month.
The most safe way to invest in this asset is just to go short, with SL slightly above the top and TP at the lowest line.
Riding the 5 wave structure is possible, but very risky. Those corrections tend to be very violent and it is hard to predict proper stop loss levels. But I do recommend it for more advanced traders.
The most safe way to invest in this asset is just to go short, with SL slightly above the top and TP at the lowest line.
Riding the 5 wave structure is possible, but very risky. Those corrections tend to be very violent and it is hard to predict proper stop loss levels. But I do recommend it for more advanced traders.
Trade active:
We will see corrective movement to around 1.96, then we will go down. Depending on the movement XRP will reach either 1.27 or 1.06.
We will see corrective movement to around 1.96, then we will go down. Depending on the movement XRP will reach either 1.27 or 1.06.
Trade closed: target reached:
Well, at first XRP had me surprised with how it went and reached new ATH. However, all wave targets at 2.11, 1.7, and 0.9$ turned out to be very succesful.