XRP possible range to trade

Updated

XRP found a temporary bottom here. The upward rally is not really impressive. I am watching both price at the bottom and at 0.00004 BTC to see if there would be a possible range to trade.
Watch RSI closely as it gets rejected at 75 really often.

Important Prices to watch:

0.00004 BTC (daily close)
0.000024 BTC

Note

Of all the top MarketCap Altcoins, XRP has been the one moving the less. Despite my recent analysis, it seems to be uncorrelated to pattern trading.
That is why I am trying to give you deeper analysis in shortest time frames. H4 Chart show a possible rally to 0.000034 and 0.000035 levels.

I would not personally enter in this trade, but if you are holding a long from the green box, you should keep it and wait for better days with a tight stop-loss.

[img]

[/img]

Trade closed manually

Volatility to low to trade the range

FrenchRandomGuy

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.