Since the inception of Ripple, the coin has managed to grab a large amount of attention throughout the cryptocurrency world. A new report has come out showing how the coin has a large amount of potential in the upcoming future. The report states that “The bias is to the upside with the price trading above the Daily Pivot Range (blue dots), therefore this level is key support for today. However, we must be mindful of the 3 Day Rolling Pivot Range (RPR) which is just above the recent move up where the price failed at the Rolling Pivot low of 1.3078.
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Therefore, look for a close above the 3 Day Rolling Pivot high of 1.3243, before entering a buy position. This would signal a near term trend reversal for the next 2-3 days.” The coin has a large amount of promising technology that makes it a viable option to investors looking to find a coin that will have long term value as opposed to just short term volatility. The report further stats that in regard to the target profit, “First profit target 1.4200. Second profit target is 1.6800.
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Once first profit target is reached, bring stop loss to breakeven, then trail a stop loss on remaining position 10-15 points behind to safeguard profits or until second profit target is reached.” The action on the coin could “enter and go long if the price closes above 1.3243 on a 60 minute chart. Use discretion to get as close to 1.3243 as possible and place the stop loss below the recent swing low and profit target stated below.” The hopes are high that the speculation that often drives the cryptocurrency world will not effect the coins with such a high amount of promising technology such as Ripple.
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