Trading plan: XRPUSD (Ripple)
Ripple rate has risen in value. The volumes for Ripple purchase are average. We expect Ripple rate to roll back to the support zone: $ 0.58 - $ 0.57.
Priority of the day: buy XRPUSD with a target of $ 0.65.
Near the level of $ 0.615, there are volumes for the sale of Ripple, so right now it's risky to buy.
Projected scenarios:
1. Buy XRPUSD from $ 0.58 to $ 0.65.
2. Ripple rate can rise to our target without a rollback.
An alternative scenario:
The rate of XRPUSD from $ 0.615 may go down to $ 0.53. This scenario is quite real since the bearish trend is still in force. Near the level of $ 0.58, we will already see which volumes will be larger. If the volume for the sale of Ripple will prevail, then we will not search for an entry point for its purchase.
Priority of the day: buy XRPUSD with a target of $ 0.65.
Near the level of $ 0.615, there are volumes for the sale of Ripple, so right now it's risky to buy.
Projected scenarios:
1. Buy XRPUSD from $ 0.58 to $ 0.65.
2. Ripple rate can rise to our target without a rollback.
An alternative scenario:
The rate of XRPUSD from $ 0.615 may go down to $ 0.53. This scenario is quite real since the bearish trend is still in force. Near the level of $ 0.58, we will already see which volumes will be larger. If the volume for the sale of Ripple will prevail, then we will not search for an entry point for its purchase.
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.