It is no secret that we have a preference of XRP against most (if not all) other cryptocurrencies. We made the point in multiple articles with a detailed and factual rationale in the last 12 months. The FUD that’s ongoing by what some tend to call XRP-haters only makes the investing thesis for XRP even more enticing as explained in more detail in 3 Take-Aways From The XRP Markets Report Of Q3 2019. In the last 24 hours XRP went up strongly driven by Bitcoin’s wild swing higher. XRP tested a giant secular breakout point. It did not break out yet. Looking at the long term XRP chart it is clear that a spectacular breakout is underway, and it will push the XRP much (much) higher in the next few months. 2019 is about to end with a big bang, 2020 is about to start with an explosive move for XRP. InvestingHaven’s premium crypto members always have an edge as they got buy alerts already many months ago, and got in at lower prices. They will also receive an exit plan shortly just to maximize their profits.
Readers who missed on of the following pieces are strongly recommended to read our materials:
In the end all that matters is the chart. And the XRP chart is truly awesome.
We said it many times, and not only are we reiterating it today but also do we emphasize that “IT” is about to happen.
XRP Chart Shows Explosive Potential
Look at the daily chart on 24 months embedded in this article.
First, the chart setup is clear and clean. A giant triangle pattern that tested its resistance point yesterday. This is the 2nd touch in the last 4 months. More importantly on the longer term chart the recent bounce is extremely meaningful (premium crypto members have the details on why this is the case).
Second, as liquidity is entering the crypto market, driven by Bitcoin, we expect all altcoins to benefit from this.
Third, once both factors outlined above pushes XRP above $.33 (which is only a 10 pct rise) we will witness this spectacular breakout. That’s because XRP has a track record of being a laggard, but exhibiting explosive power in a very short period of time!
XRP Chart Says Timing Entry and Exit Is Crucial
What will be crucial for any XRP investor is to have an exit plan in place. That’s because extreme volatility tends to shake crypto investors out of their positions near major bottoms, and that’s concerning. An even bigger concern is the fact that it becomes extremely hard to get out near those major tops.
There is this one critical success factor that applies to XRP more than any other market or asset, as said in our 50 Cryptocurrency Investing Tips:
Timing is not the most important thing, it is the only thing!
That’s why InvestingHaven’s research team prepared an exit plan for its crypto investing members, and will share it only once the timing is right. That’s right, we think everything through in our crypto investing research service.
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