P_S_trade

XRP 1D. We expect $0.195

Long
P_S_trade Updated   
BINANCE:XRPUSDT   XRP / TetherUS
Our previous XRP idea which was published almost a month ago, worked out pretty well.

The price was confidently trading in the falling channel.

It's time to correct our targets a little.

In the next few weeks, we expect the price to fall to the level $0.195. There we can buy in long with the hope of rebound.

Cancellation of this scenario means the price fixing above the level $0.256. So far, buyers haven't been able to do it. After the buyers' efforts for 5 days, only false breakouts remained.

If you are trading XRPBTC pair - here are our thoughts:

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The price cannot fix above the level $0.256, again false breakouts, therefore, the price fall is relevant.
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