Trade Recommendation: XRPBTC


The price on Ripple has just exceeded the Monthly Pivot Range high and closed above it in the last session, check out the Daily chart. This is a clear sign the bias for the longer term has shifted to bullish.

There is near term support at the Weekly Pivot and Daily Pivot Ranges.

XRPBTC is a buy right now, so you can enter in at the current price level and place the initial stop loss and profit targets stated below.

Entry Price: 0.000090000
Stop Loss: 0.000078800
Profit Targets: First profit target 0.00010360. Second profit target 0.00010930. Once price reaches first profit target trail a stop loss 3500 points back until you hit the 2nd profit target or get stopped out.

Disclaimer: The writer owns Litecoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

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