Ripple fell sharply in price, breaking through the support zone: $ 0.75 - $ 0.7. Now its rate is in the area of 38.2% Fibonacci, where the stop of sales and the beginning of the formation of the figure of the Triangle are possible.
Priority of the day: sales of XRPUSD with a target of $ 0.62.
The drop in the market liquidity of the cryptocurrency was reflected in Ripple. Ripple is headed like a comet to its lowland at $ 0.45.
Projected scenarios:
1. Sell XRPUSD after the rollback up, from the level of $ 0.6770.
2. Flat is possible today. Ripple is near the last support zone: $ 0.67 - $ 0.62.
An alternative scenario:
An optimistic plan is the growth of the XRPUSD rate from $ 0.65 to $ 0.70. But, we recommend today to be on the side of the strongest - bears.
Priority of the day: sales of XRPUSD with a target of $ 0.62.
The drop in the market liquidity of the cryptocurrency was reflected in Ripple. Ripple is headed like a comet to its lowland at $ 0.45.
Projected scenarios:
1. Sell XRPUSD after the rollback up, from the level of $ 0.6770.
2. Flat is possible today. Ripple is near the last support zone: $ 0.67 - $ 0.62.
An alternative scenario:
An optimistic plan is the growth of the XRPUSD rate from $ 0.65 to $ 0.70. But, we recommend today to be on the side of the strongest - bears.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.