Trading plan: XRPUSD (Ripple)
Ripple rate could not rally yesterday. Its entire growth was at low volumes, which indicates a temporary correction. According to volume analysis, the resistance levels of Ripple are $ 0.70, $ 0.73, and support levels: $ 0.67, $ 0.64.
Priority of the day: neutral position on XRPUSD.
Since the growth rate of Ripple was not accompanied by the volume of buyers, it is more likely that it will begin to fall. That's why we are out of the market today: it is not clear yet what will happen today.
Projected scenarios:
1. Buy XRPUSD from $ 0.67 to $ 0.73.
2. Sell XRPUSD from $ 0.73 to $ 0.64.
An alternative scenario:
XRPUSD rate may stay in the lateral movement until the end of the day. Therefore, for our subscribers, we recommend refraining from transactions today.
Priority of the day: neutral position on XRPUSD.
Since the growth rate of Ripple was not accompanied by the volume of buyers, it is more likely that it will begin to fall. That's why we are out of the market today: it is not clear yet what will happen today.
Projected scenarios:
1. Buy XRPUSD from $ 0.67 to $ 0.73.
2. Sell XRPUSD from $ 0.73 to $ 0.64.
An alternative scenario:
XRPUSD rate may stay in the lateral movement until the end of the day. Therefore, for our subscribers, we recommend refraining from transactions today.
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