Ripple is at an all time high. The orange trendline at the bottom has provided tremendous support in the past. If it falls right now, it may find support at this line.
RSI is terribly over-bought. I do not believe it can sustain anything further and I see a dip at the moment.
There are couple of ways this trade can pan out -
A. If it falls it may find support @...
Just like BitCoin Bubble, Ripple is sending same negative signals.
We can clearly notice the Volumes are dropping and RSI negative Divergence.
Book your profits at right moment
XRPUSD : Clearing out all the previous highs in just a couple of sessions (Great Price Action + Strong volumes) .. Expecting further upside (follow up action)
XRP/USD cmp 0.66738
Target 1.50 plus
Stop 0.43
1) Price breaks past consolidation zone in 1hr and 4 hr chart.
2) Base of 0.35 broken with excessive volumes and past this price has moved higher with excessive volumes.
3) Strong momentum seen
multiple buy zones appear at the fib levels. Confirm prior to trading. If this setup materializes, within the next few days you'd see cumulative profit around the colored zone.
