Trade Recommendation: Ripple(XRP/BTC): 185% Profit Potential

Trade Recommendation: Ripple(XRP/BTC): 185% Profit Potential

Trade Signal
May 15, 2019 by Hitesh Malviya
3769
Coin: XRP/BTC Exchange: Binance Current Price:  0.00004461 BTC Buy Zone:  0.000034-405 BTC Sell Zone: 0.000085 – 97 BTC Profit Potential: upto 185% Time frame: 4-8 weeks Technicals XRP has been dropping since last 5 Months, RSI is Oversold, MACD is negative. Breakout confirmation above 0.00005 BTC XRP needs to build support above 0.00005 BTC for the rally
Trade recommendation RIPPLE XRP

Coin: XRP/BTC

Exchange: Binance

Current Price:  0.00004461 BTC

Buy Zone:  0.000034-405 BTC

Sell Zone: 0.000085 – 97 BTC

Profit Potential: upto 185%

Time frame: 4-8 weeks

Technicals

XRP/BTC Daily(Binance)
  • XRP has been dropping since last 5 Months, RSI is Oversold, MACD is negative.
  • Breakout confirmation above 0.00005 BTC
  • XRP needs to build support above 0.00005 BTC for the rally to the upside.
  • In case XRP doesn’t drop to our demand zone, we can open a position below 0.000052 BTC

Recent Major developments

Ria Money Transfer is a massive remittance processor – the second largest in the world, according to recent statistics.  3

On May 2nd, the company announced that they’d partnered with Ripple to process cross-border payments.

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