Trading plan: XRPUSD (Ripple)
The Ripple rate exited the Triangle downward, breaking through the support zone: $ 0.54 - $ 0.52.
Priority of the day: sell XRPUSD with a target of $ 0.50.
The bearish trend is gaining momentum, and the Ripple rate continues its decline.
Projected scenarios:
1. The rate of XRPUSD will drop from $ 0.52 to $ 0.50.
2. The XRPUSD rate will take a lateral movement until the end of the day.
An alternative scenario:
The Ripple rate can grow if it will pass the resistance level of $ 0.55.
Priority of the day: sell XRPUSD with a target of $ 0.50.
The bearish trend is gaining momentum, and the Ripple rate continues its decline.
Projected scenarios:
1. The rate of XRPUSD will drop from $ 0.52 to $ 0.50.
2. The XRPUSD rate will take a lateral movement until the end of the day.
An alternative scenario:
The Ripple rate can grow if it will pass the resistance level of $ 0.55.
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