Trading plan: XRPUSD (Ripple)
Ripple rate tested the level of $ 0.56 from below and did not reach our target of $ 0.58.
Priority of the day: neutral position on XRPUSD.
We expect the end of correction of Ripple rate near the zone: $ 0.58 - $ 0.56. It is too early to buy Ripple, and its rate is not in the sales area yet.
Projected scenarios:
1. The XRPUSD rate will rise from $ 0.53 to $ 0.58.
2. The XRPUSD rate will take a lateral movement until the end of the day.
An alternative scenario:
We still forecast a drop in the Ripple rate down the trend with the nearest target of $ 0.48.
Since there is no good entry point to market on Ripple, today we only observe and analyze it.
Priority of the day: neutral position on XRPUSD.
We expect the end of correction of Ripple rate near the zone: $ 0.58 - $ 0.56. It is too early to buy Ripple, and its rate is not in the sales area yet.
Projected scenarios:
1. The XRPUSD rate will rise from $ 0.53 to $ 0.58.
2. The XRPUSD rate will take a lateral movement until the end of the day.
An alternative scenario:
We still forecast a drop in the Ripple rate down the trend with the nearest target of $ 0.48.
Since there is no good entry point to market on Ripple, today we only observe and analyze it.
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