Trading plan: XRPUSD (Ripple)
Ripple rate is growing in price with difficulty. Only now it became clear that in the struggle, Ripple buyers win.
Priority of the day: growth of XRPUSD rate to $ 0.65.
Today we are on the side of Ripple buyers.
Projected scenarios:
1. The rate of XRPUSD will increase from $ 0.61 to $ 0.65.
2. Ripple rate may not reach our target today, and stay in the flat for another day.
Alternative scenario:
The rate of XRPUSD may fall from $ 0.62 to $ 0.58. The prerequisites for such a scenario are: prolonged lateral movement, strong resistance level - $ 0.62, incomplete downtrend.
Priority of the day: growth of XRPUSD rate to $ 0.65.
Today we are on the side of Ripple buyers.
Projected scenarios:
1. The rate of XRPUSD will increase from $ 0.61 to $ 0.65.
2. Ripple rate may not reach our target today, and stay in the flat for another day.
Alternative scenario:
The rate of XRPUSD may fall from $ 0.62 to $ 0.58. The prerequisites for such a scenario are: prolonged lateral movement, strong resistance level - $ 0.62, incomplete downtrend.
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.