DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.
Today marks the first month of my XRPUSD long trade position since July 16, 2020. My 7 open trades have a total net profit of 45.87%.
Chart was screenshot at 9:25PM Philippine time.
Today’s Intraday open is 0.29871, high 0.30471, low 0.29200 and current price based on my screenshot is at 0.29696. XRPUSD is down by 0.75% while rival BTCUSD up by 0.07% and ETHUSD is down by 2.57% at the time of writing. Today’s volume is the lowest in the last 5 days of trading sitting at 23.4 Million.
You may read my yesterday’s report here:
Daily XRPUSD Technical Analysis – August 15, 2020
In my August 14’s analysis report, I cited that “XRPUSD price will consolidate and will be in the 0.28900 to 0.29500 levels” and the price right now is slightly above it.
Even though it has been a bearish trade for XRPUSD in the last 2 days, I still speculate that the price will hold at the 0.28900 to 0.29500 levels in the coming days.
That’s all for today. Don’t forget to write comments below this article for any corrections, questions or additional info that I might missed.
Have a great day ahead! Stay tuned for more XRPUSD analysis! Thank you!
HAPPY TRADING!
