Hello,
currently watching XRP approaching an interesting area where we might see signals for the next bigger move:
Bullish Play
Outbreak and retest of 0.45$ resistance, retracement down to 0.37$ and final test of 0.58$ resistance.
Possible if BTC remains at least stable or bullish.
Bearish Play
Fail to break upside leading to a sellof and drop down to approx. 0.23$, little retracement and final drop to 0.19$.
This would be a bloody path to walk, in my opinion only possible when BTC drops again.
I'm waiting till one of both plays get validated, early trades can be dangerous.
currently watching XRP approaching an interesting area where we might see signals for the next bigger move:
Bullish Play
Outbreak and retest of 0.45$ resistance, retracement down to 0.37$ and final test of 0.58$ resistance.
Possible if BTC remains at least stable or bullish.
Bearish Play
Fail to break upside leading to a sellof and drop down to approx. 0.23$, little retracement and final drop to 0.19$.
This would be a bloody path to walk, in my opinion only possible when BTC drops again.
I'm waiting till one of both plays get validated, early trades can be dangerous.