Trading idea for crypto traders – XRPUSD
UAE Remittance Giant Partnership with Ripple – main news today on crypto market. There is no secret that remittances are an important aspect of local economies in Middle East. UAE operator sees blockchain technology as the solution toward faster and efficient money transfers at significantly lower costs for customers. Besides, Ripple has also been talking blockchain tech with Chinese Central Bank officials.
From technical point of view we also have price action setup on a daily chart for opening long positions.
Entry – open long position on support candle near 0.19
SL – 0.18
Expected take profit 0.2630 and 0.2850