XRP (RIPPLE) - BUY - 22nd December 2021 (Open)

Good morning team,

We have been waiting patiently for ripple to begin the next move to the upside. Based on our Elliott wave count a new bullish trend should be underway as the 3 wave correction is now complete. We are not using leverage here, just buying the crypto outright and using the 0.6541 level as our SL position.

Trade Setup: BUY XRP (ripple), the current price is 0.9430, our SL zone is 0.6541 and the take profit is open ready to hold for the long term.

If you are using leverage you will need to use the 0.6541 bullish invalidation level as the SL as well.

Trade Setup
BUY - Market Execution

Entry
0.9432

Take Profit
OPEN

Stop Loss
0.6541

RISK WARNING:

Margin trading (CFDs, Forex, FX) involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle, including the risk of losing the entirety of your deposit. The past performance of our trading system or methodology is not indicative of future results.

Forex Kings Pty Ltd (ACN 634476485) is a Corporate Authorised Representative of

a. Network Influencer Pty Ltd (AFSL 282288) for the provision of general advice relating to Securities, Derivatives and FX (Authorised Representative: 001285462).

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XRP (RIPPLE) - BUY - 22nd December 2021 (Open)

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