XRP is currently sitting on support after being sold lower after hitting the recent highs back on the 24th of November.

Since the, the crypto space has seen many profit-takers step in, pushing the price of nearly all cryptos lower.

Right now, XRP is sitting on a minor support level and is oversold, with the potential to bounce back towards recent resistance levels.

This trade is looking to jump in on support with a little bit of room for a stop and potentially take profits as the market moves back up to resistance.

Could it break out even higher? Possibly. If you think that is the case and the market does start rallying from support, then consider using a trailing stop.

XRP Long, sitting oversold & on support

Dec 14 2020

Stop Loss -12.62%

Holding time 1d21hr

0.51500

Entry price

0.45000

Stop loss price

2

2