YMI

XRP Long Opportunity

Lång
BITFINEX:XRPUSD   Ripple
Looking for the next leg up on XRP as we are coiling within the consolidation range. With a breakout of the $0.325 pivot and the minor trendline resistance we should see a continuation to the next upside resistance at $0.35. This provides a great R:R setup as we have been accumulating on the daily trendline support at $.32. This is risky as there isnt confirmation yet on a next leg higher but the HTF bias is bullish so this would provide a great entry if we are to see an upside move. I would recommend waiting for an hourly (ideally 4H) close above $0.3225 if you are a more aggressive trader Stops can be place below the prior swing low near $.316 or below if you are looking for a medium term swing trade.

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