Technical analysis by hokblake about Symbol XRP: Sell recommendation (2/8/2025)
https://sahmeto.com/message/3234065
hokblake
Rank: 20844
Analytical Power:
1.4
XRP deserves sub $2
Sell
Price at Publish Time:
$2.41

Back in 2021, I used to love trading liquidation spikes. One thing I noticed was the wicks were always revisited, sometimes it took a while, but they'd be seen to. XRP has a wick with a low sitting at $1.8 - I am going to build a short position and target it. An entry above $3 was ideal, I had one, but my trading has been slightly erratic, so I closed it too soon. Here we try again, good luck.took 25% and moved stop to break even, great trade.
Source Message: TradingView