Ripple Could Bust Through (Very Short-Term Scalp)

For anyone that has been tracking Ripple, it appears as though they've released a vast number of press releases today.

I'm not allowed to allude to them, or this idea will be taken down - so I'll leave you all to figure that out on your own.

However, in terms of price action - here's what we can see as a result:

As you can see, the price of $XRP has appreciated by 8.86% since midnight (EST; GMT-4) August 16th. That's notable.

Still looking fairly strong on the 1H chart as well RSI-wise (RSI-14).

Flat top on the 15 min. Break out would be good news.

Sooner or later something will have to happen for it.

If the price of bitcoin continues to consolidate this could be good news for $XRP. I'd put a soft long in here with a S/L to protect me. No more than 25% of my portfolio with an adjusted 4-5% risk.

Yorum:

Target completed. Another one in the books ya'll! Thanks.