Use THESE Horizontal Zones to Trade XRP Right Now

Since the price of XRP went up so drastically, it's trading in areas where we haven't seen much price action recently. A common trick you can apply in those situations is to go back further in time and find horizontal zones from when the price did trade at that level.

I did the same and found strong levels on the daily from September, and April 2018. I charted them here to give more understanding about what might happen to the price.

I expect the price to consolidate a bit between the two horizontal levels it's at now first. And then when the bulls finally take over, I suggest a first long trade to the previous high of 0.80000. I suggest to take profit at a level slightly lower than 0.80000, to maximize the chances on a fill. Place the stop loss directly below the support zone from June '19 at around the 0.45 level.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!