XRP 1D "How will I spend my summer"

10 Jun 2021

This XRPUSDT review is a continuation of a previous global idea, so it's worth reading it first.

Now, we hope that you understand the logic of thoughts from the previous idea, and let's look at the wedge on the daily timeframe.

We slightly adjusted the edges of the wedge.
The fact that during the May fall the mirrored level of $0.75 withstood the onslaught of sellers and margin calls can be considered positive, and now the trade continues above it.
Safe long we can take after fixing above the XRPUSD price of $1.05-1.10. In this case, you can expect growth to $1.70, where is the next critical level

If the XRP price begins to consolidate below $0.75, forget about the long, because the value of Ripple may fall to $0.40.

The possibility of such an option is not denied by the XRPBTC chart.
The price was unable to break through and gain a foothold above 3800sat. and accordingly headed to 1800sat. This possibility was also warned about in the previous global idea.

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