Trading plan: XRPUSD (Ripple)
Ripple rate has grown significantly.
Priority of the day: neutral position on XRPUSD.
The analysis of the daily chart of the Ripple rate shows the presence of a downtrend. We do not plan to buy Ripple against the trend yet.
Today, we forecast a slight increase in Ripple's quotation to $ 0.58.
Projected scenarios:
1. The XRPUSD rate will rise from $ 0.53 to $ 0.58.
2. The XRPUSD rate will remain in flat until the end of the day.
An alternative scenario:
Given the strength of the trend, Ripple rate can drastically go down at any moment, the nearest target of its fall is $ 0.48.
Priority of the day: neutral position on XRPUSD.
The analysis of the daily chart of the Ripple rate shows the presence of a downtrend. We do not plan to buy Ripple against the trend yet.
Today, we forecast a slight increase in Ripple's quotation to $ 0.58.
Projected scenarios:
1. The XRPUSD rate will rise from $ 0.53 to $ 0.58.
2. The XRPUSD rate will remain in flat until the end of the day.
An alternative scenario:
Given the strength of the trend, Ripple rate can drastically go down at any moment, the nearest target of its fall is $ 0.48.
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