Tight parameters on xrp on the 4h time frame
We are coffined by an up trend support and a down slopping resistance.
The .30 cent region is a crucial one.
as highlighted in my chart, I think best case scenario we go and retest the .32 cent region like the previous high and create support where there was once resistance at the .30cnt level.
the down side how ever is much more likely i think.
id love to see new lows being set from this current region.
we could fall as low as .17 cents or we could start retracing around the .20-.23 cent range also.
multiple possibilities.
keep your eyes peeled.
William signing off.
The .30 cent region is a crucial one.
as highlighted in my chart, I think best case scenario we go and retest the .32 cent region like the previous high and create support where there was once resistance at the .30cnt level.
the down side how ever is much more likely i think.
id love to see new lows being set from this current region.
we could fall as low as .17 cents or we could start retracing around the .20-.23 cent range also.
multiple possibilities.
keep your eyes peeled.
William signing off.
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