Trading plan: XRPUSD (Ripple)
Ripple smoothly descends, losing its value. The stop zone of the Ripple fall is wide: $ 0.65 - $ 0.60.
Priority of the day: sell XRPUSD up to $ 0.608.
Graphical analysis shows a slowdown in the fall of the Ripple rate, which means that the bounce of its rate up is just around the corner.
Projected scenarios:
1. Sell XRPUSD from $ 0.70 to $ 0.608.
2. Ripple will be in a lateral movement the whole day.
Alternative scenario:
The XRPUSD rate can continue its narrowing in the Triangle shape. In this case, we should expect the growth of its rate from $ 0.68 to $ 0.72.
Priority of the day: sell XRPUSD up to $ 0.608.
Graphical analysis shows a slowdown in the fall of the Ripple rate, which means that the bounce of its rate up is just around the corner.
Projected scenarios:
1. Sell XRPUSD from $ 0.70 to $ 0.608.
2. Ripple will be in a lateral movement the whole day.
Alternative scenario:
The XRPUSD rate can continue its narrowing in the Triangle shape. In this case, we should expect the growth of its rate from $ 0.68 to $ 0.72.
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