🔥+70% PROFIT IN A FEW DAYS: why is XRP pumping❓

23 ก.ย. 2022

Hi friends! XRP already reach my targets at the $0.5 key level. You can open a trade using my ideas from $0.33 level. Now you could book a profit +70%.

📊 Why is XRP actually pumping?
The SEC's case against Ripple will not go to a jury because Judge Analisa Torres has sufficient evidence to reach a verdict, the blockchain company's CEO Brad Garlinghouse said.

XRP has reacted with a 20% rise and is currently trading at $0.50.

✅ Before this news, the price of Ripple was only pumped up by rumors of an imminent verdict in the case against Ripple.

The possible news of Ripple's acquittal is a game changer, as many projects in the United States are accused of selling securities under the guise of cryptocurrency coins. A positive for XRP judge decision will definitely lead to a PUMP of the entire cryptocurrency market.

🚩 Let me remind you that Ripple during the entire bull market of 2020-2021 gave much less profit than even Bitcoin. This is atypical for the crypto market, even comparing the huge difference in the capitalization of these cryptocurrencies.

📊 Is it still possible to open a trade and make a profit on XRP?
Yes, we can enter the trade but need to have the nice setup with several preconditions (trendline breakout, volume growth on the pullbacks etc.). I don`t recomment you to buy XRP after such massive pump. Just read the ideas and wait for the next such setup!

📊 What is the next targets for the XRP?
The price of XRP already reach the value area of $0.54-0.64 which is local resistance. The next overheads are the global trendlines, but i`m sure that if the court justifies Ripple, the price may soar to its local highs🚩($1) and any resitance don`t stop it.

✅ Many traders have already forgotten about Ripple, although it used to be the most popular altcoin. On such good news, all teh retailers return and PUMP the price up to 100% or more %.

📊 Now I see the next preconditions to open a local long:
🔥 squeeze to the global trendline
🔥 whales buy orders push the price higher and also support it on the pullbacks. I use the DOM and Footprint scalping tools for this purpose
🔥 the BTC bulls really help each altcoins to reach it`s targets, because 99% of it follow BTC

🚩 Pay your attention to the volume indicator if you don`t use DOM and Footprint. Actually it has less efficiency than that scalping tools, but also can confrirm you the pressence of whales!

The whales right in the most cases, so its nice to open a trade in the same side with them and get 1:10-20RR trades.

✅ Traders, I want to remember that we already book +70$ of profit and the next trades are so risky, especially for the newbies. Of course, you can get my support.

💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.