Trading plan: XRPUSD (Ripple)
Ripple ends the formation of the figure "Triangle". Ripple's movement down is not over yet, so we are on the side of bears today.
Priority of the day: sell XRPUSD up to $ 0.608.
It is better to sell Ripple from the $ 0.8- $ 0.75 zone, because there should be another retest of high before the fall of its rate.
Projected scenarios:
1. Sell XRPUSD from $ 0.75 to $ 0.608.
2. Ripple can continue its consolidation in the $ 0.75 - $ 0.65 zone.
Alternative scenario:
The rate of XRPUSD from the Triangle can go up to the level of $ 0.8. Such a scenario can not be ruled out.
In any case, right now it's better to wait for the best entry point. Our subscribers are recommended to sell Ripple from the level of $ 0.75, and buy from $ 0.6 to $ 0.55.
Priority of the day: sell XRPUSD up to $ 0.608.
It is better to sell Ripple from the $ 0.8- $ 0.75 zone, because there should be another retest of high before the fall of its rate.
Projected scenarios:
1. Sell XRPUSD from $ 0.75 to $ 0.608.
2. Ripple can continue its consolidation in the $ 0.75 - $ 0.65 zone.
Alternative scenario:
The rate of XRPUSD from the Triangle can go up to the level of $ 0.8. Such a scenario can not be ruled out.
In any case, right now it's better to wait for the best entry point. Our subscribers are recommended to sell Ripple from the level of $ 0.75, and buy from $ 0.6 to $ 0.55.
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