After a good run Ripple, XRP/ETH on Binance has consolidated and found good support around 117.000. Volume is currently low and indicators (RSI and MACD) has formed a divergence.
Is Ripple ready to take off again?
We will see but it has a high probability to follow through when it breaks out of its triangle.
Trade Instructions:
Buy in Range:
117.000 - 118.120
Profit Target(s):
1. 122.900
2. 125.900
3. 129.000
Stoploss:
116.000
This is a low-risk high reward trade if you execute it right so good luck with your trading.
Is Ripple ready to take off again?
We will see but it has a high probability to follow through when it breaks out of its triangle.
Trade Instructions:
Buy in Range:
117.000 - 118.120
Profit Target(s):
1. 122.900
2. 125.900
3. 129.000
Stoploss:
116.000
This is a low-risk high reward trade if you execute it right so good luck with your trading.