Trading plan: XRPUSD (Ripple)
Ripple rate is growing. Volume analysis shows the presence of buyers near the support level of $ 0.685. Starting from this zone it would be interesting to buy Ripple. The nearest resistance level for Ripple is near $ 0.72.
Priority of the day: buy XRPUSD with a target of $ 0.72.
Right now buying Ripple is risky. We recommend our subscribers to wait for the price to roll back to $ 0.68.
Projected scenarios:
1. Buy XRPUSD from $ 0.685 to $ 0.72.
2. Flat in the $ 0.70 - $ 0.69 area.
An alternative scenario:
The rate of XRPUSD may drop sharply. The turning level for Ripple is the zone $ 0.66 - $ 0.65. If you have noticed already, the Ripple moves upwards with big rollbacks, which is not typical for it. This means that the fight between bulls and bears continues, and the winner is not yet determined.
Priority of the day: buy XRPUSD with a target of $ 0.72.
Right now buying Ripple is risky. We recommend our subscribers to wait for the price to roll back to $ 0.68.
Projected scenarios:
1. Buy XRPUSD from $ 0.685 to $ 0.72.
2. Flat in the $ 0.70 - $ 0.69 area.
An alternative scenario:
The rate of XRPUSD may drop sharply. The turning level for Ripple is the zone $ 0.66 - $ 0.65. If you have noticed already, the Ripple moves upwards with big rollbacks, which is not typical for it. This means that the fight between bulls and bears continues, and the winner is not yet determined.
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