Trading plan: XRPUSD (Ripple)
The rate of Ripple was supported by buyers near the level of $ 0.44.
Priority of the day: neutral position on XRPUSD.
Today we expect to see a continuation of the correction of the Ripple rate to $ 0.50.
We recommend refraining from the Ripple deals today because bulls actively started buying it, so sales became risky. Also, buying Ripple in the long term is still too early.
Projected scenarios:
1. The rate of XRPUSD will rise from $ 0.47 to $ 0.50.
2. The rate of XRPUSD will drop from $ 0.47 to $ 0.42.
An alternative scenario:
The Ripple rate can take a lateral movement until the end of the day. In this case, we will wait and see how things will unfold on the crypto market.
Priority of the day: neutral position on XRPUSD.
Today we expect to see a continuation of the correction of the Ripple rate to $ 0.50.
We recommend refraining from the Ripple deals today because bulls actively started buying it, so sales became risky. Also, buying Ripple in the long term is still too early.
Projected scenarios:
1. The rate of XRPUSD will rise from $ 0.47 to $ 0.50.
2. The rate of XRPUSD will drop from $ 0.47 to $ 0.42.
An alternative scenario:
The Ripple rate can take a lateral movement until the end of the day. In this case, we will wait and see how things will unfold on the crypto market.
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