Ripple (XRP) needs no introduction, so let’s get straight into the trade.
After Ripple had a massive bounce on mid September, it retraced by 45%+. Now, after a strong wave up where we hit several targets, we normally buy back on the retrace, 10-30% below peak price; the cryptocurrency market is very volatile (we love it).
With Ripple (XRPBT’C) retracing this much and holding strong above Fib. support and EMA10… It is time for a trade… Take a look at the chart before we move on:
Ripple (XRPBTC’) Trade Instructions by Alan Masters