XRP –
Technical observation
Ripple is trading around the resistance zone 0.28365-0.28041, I expect a correction to the zone followed by a rejection within it for downwards movement of price towards the resistance 0.25249 and a possible breakout below it for a further decline in price. I’m looking to pick short positions within the zone with my take profit at 0.25429 and stop loss slightly above 0.28365.Should there be a breakout above the above mentioned zone with a big green candle, wait for a correction to it confirming possible bullish momentum towards the resistance line 0.34658 before you pick long positions towards it.
Trade signal
Sell Ripple within 0.28365-0.28041 with your take profit at 0.25249 and stop loss slightly above 0.28365.
101% Double the volume
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