Trading plan: XRPUSD (Ripple)
The Ripple rate has rolled back down, but still remains in flat.
Priority of the day: neutral position on XRPUSD.
We expect today to see a small increase in the rate of Ripple to $ 0.50. It is not the best place to look for the deals: the downward trend, so it is too early to buy Ripple.
Projected scenarios:
1. The rate of XRPUSD will rise from $ 0.45 to $ 0.50.
2. The rate of XRPUSD will drop from $ 0.45 to $ 0.40.
An alternative scenario:
Ripple in flat is quite possible for the rest of the day.
Priority of the day: neutral position on XRPUSD.
We expect today to see a small increase in the rate of Ripple to $ 0.50. It is not the best place to look for the deals: the downward trend, so it is too early to buy Ripple.
Projected scenarios:
1. The rate of XRPUSD will rise from $ 0.45 to $ 0.50.
2. The rate of XRPUSD will drop from $ 0.45 to $ 0.40.
An alternative scenario:
Ripple in flat is quite possible for the rest of the day.
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.