Hi There Fellow Traders.
Welcome my T.A idea on XRP
This tightening of the intraday range usually ends with a strong breakout. If the uncertainty resolves to the upside and the bulls drive the price above $1.11, the XRP/USD pair could start the next leg of the rally that could take it to $1.34 and then $1.66.
Alternatively, if the indecision resolves to the downside, it will suggest that supply exceeds demand and traders have dumped their positions. If that happens, the pair could drop to the 20-day EMA ($0.72). A break below this level could pull the price down to $0.65.
HODL- Hold On For Dear Life
Welcome my T.A idea on XRP
This tightening of the intraday range usually ends with a strong breakout. If the uncertainty resolves to the upside and the bulls drive the price above $1.11, the XRP/USD pair could start the next leg of the rally that could take it to $1.34 and then $1.66.
Alternatively, if the indecision resolves to the downside, it will suggest that supply exceeds demand and traders have dumped their positions. If that happens, the pair could drop to the 20-day EMA ($0.72). A break below this level could pull the price down to $0.65.
HODL- Hold On For Dear Life
