Trading plan: XRPUSD (Ripple)
The Ripple rate is rapidly descending. The estimated target of its fall is $ 0.54.
The analysis of volumes for sale of Ripple shows average values. We expect a sharp bounce of the Ripple rate up, so do not recommend now to open short positions on it.
Priority of the day: neutral position on XRPUSD.
Those who are currently holding a short position on Ripple, we wish a successful profit taking. Those who have not yet managed to open a deal, we recommend waiting for the best situation to enter.
Projected scenarios:
1. The rate of XRPUSD will drop from $ 0.58 to $ 0.54.
2. The rate of XRPUSD will rise from $ 0.58 to $ 0.60.
An alternative scenario:
The XRPUSD rate will cease to fall in value and will take a lateral movement.
The analysis of volumes for sale of Ripple shows average values. We expect a sharp bounce of the Ripple rate up, so do not recommend now to open short positions on it.
Priority of the day: neutral position on XRPUSD.
Those who are currently holding a short position on Ripple, we wish a successful profit taking. Those who have not yet managed to open a deal, we recommend waiting for the best situation to enter.
Projected scenarios:
1. The rate of XRPUSD will drop from $ 0.58 to $ 0.54.
2. The rate of XRPUSD will rise from $ 0.58 to $ 0.60.
An alternative scenario:
The XRPUSD rate will cease to fall in value and will take a lateral movement.
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