Short

Ripple vs Bitcoin

Hello, Traders!
Monfex is at your service and today we overview XRP/BTC.

Perhaps we have just met a double bottom and this is the reversal point of the uptrend. In this case, we can take the target near 0.00003000.
It supports with a bearish div on RSI .
The main thing is not to catch a false breakout, so it's worth to wait for a breakout with confirmation(test).


Supposed Trade Signal by XRP/BTC
  • Sell near 0.00003500
  • Take profit ~ 0.00003050
  • Stop loss at 0.00003630

  • Market Cap
    $12 567 162 182 USD
  • Volume (24h)
    $1 742 965 129 USD
  • Circulating Supply
    43 242 653 330 XRP


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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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