I have closed my short term XRP trade from yesterday up 11% this morning. I placed an order above the bearish trend line and took profits this morning. As you can see from the 15-minute chart the currency has paused and looks like it may turn down and correct slightly today so I’ve reinvested into a STOP order above the current price at 1.4687 just in case there is a sudden rally instead. My longer-term holdings bought at 0.43 are staying put.
In the 15-minute chart, you can see an initial short signal followed by a bounce back. My long buy is positioned neatly above the flat price here. If Ripple suddenly rallies and breaks out of this pause I will capture the buy trade.
I think it’s important as a lot of buying pressure is sitting in XRP at the moment with the next hearing with the SEC and the Judge edging ever closer.