XRP/USDT Daily

~There is beauty in simplicity.~

-Trade Based off of Data, not Emotions
-Same Input = Same Output. If you don't do the same thing consistently, how do you know what you are doing wrong?
-Patience. There will always be another trade, another setup.

XRP/USDT Analysis

-Resting on 0.30$ long-term support level.
-This level is also the Point of Control.
-I believe XRP will hold this level if BTC holds 3650 as support.
-Should BTC violate it's support level, then that will trigger another violent market sell off.
-Two Initiation Levels for the XRP asset currently.
-Price closing above 0.33$ would be quite bullish, and would give us a high upside target close to 0.40$.
-The justification for this is the weakening of resistance at 0.37$ as seen by consoldiation at that level previously.
-Should BTC violate 3650 on a closing basis, XRP is best kept open as a positional short.
-As things stand, XRP looks attractive as a buy at long-term support.
-This must be tempered by the weakening of that support after multiple tests.
-This remains a risky asset, even in the realm of Cryptocurrency.
-Trade safely.





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