Trading plan: XRPUSD (Ripple)
Ripple rate is in a downward trend.
Priority of the day: neutral position on XRPUSD.
Today is not a very good day for finding the entry point for Ripple. At any time there may be a bounce of Ripple rate upwards.
Projected scenarios:
1. The rate of XRPUSD will decrease from $ 0.57 to $ 0.54.
2. The rate of XRPUSD will rise from $ 0.57 to $ 0.61.
An alternative scenario:
It is very likely that the rate of Ripple will take a lateral movement. Therefore, today we prefer to stay out of the market.
Priority of the day: neutral position on XRPUSD.
Today is not a very good day for finding the entry point for Ripple. At any time there may be a bounce of Ripple rate upwards.
Projected scenarios:
1. The rate of XRPUSD will decrease from $ 0.57 to $ 0.54.
2. The rate of XRPUSD will rise from $ 0.57 to $ 0.61.
An alternative scenario:
It is very likely that the rate of Ripple will take a lateral movement. Therefore, today we prefer to stay out of the market.
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