Trading plan: XRPUSD (Ripple)
Ripple rate grew in price. But, at the moment, it is at an important resistance zone: $ 0.60 - $ 0.61. There were the largest volumes for the sale of Ripple. Therefore, there is a probability of victory for the bears.
Priority of the day: growth of XRPUSD rate to $ 0.65.
The volume for the purchase of Ripple is still small and it explains the long pause at the level of $ 0.60. Those who listened to our recommendations and bought Ripple near the level of $ 0.58, can safely hold the position. Right now buying Ripple is risky.
Projected scenarios:
1. The rate of XRPUSD will increase from $ 0.61 to $ 0.65.
2. The Ripple rate will drop from $ 0.61 to $ 0.54.
Alternative scenario:
XRPUSD rate can take a lateral movement for the rest of the day.
Priority of the day: growth of XRPUSD rate to $ 0.65.
The volume for the purchase of Ripple is still small and it explains the long pause at the level of $ 0.60. Those who listened to our recommendations and bought Ripple near the level of $ 0.58, can safely hold the position. Right now buying Ripple is risky.
Projected scenarios:
1. The rate of XRPUSD will increase from $ 0.61 to $ 0.65.
2. The Ripple rate will drop from $ 0.61 to $ 0.54.
Alternative scenario:
XRPUSD rate can take a lateral movement for the rest of the day.
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