XRPUSDT| Potential Pullback Ahead as Price Hovers Around 0.6200
Hello There,
The price has the potential to rise for a bearish pullback and drop to 0.5321 for a bias of
0.5173.
However, there seems to be an area untested around 0.6599, so there needs to be a strong confirmation for a potential bearish pullback.
The current candle wrestles with the high pin-bar to 0.6200, which is fairly neutral at this point. It opened above the high previous to it, and it's higher than the third candle, so here, a potential dip can also be expected.
Happy Trading,
K.
The price has the potential to rise for a bearish pullback and drop to 0.5321 for a bias of
0.5173.
However, there seems to be an area untested around 0.6599, so there needs to be a strong confirmation for a potential bearish pullback.
The current candle wrestles with the high pin-bar to 0.6200, which is fairly neutral at this point. It opened above the high previous to it, and it's higher than the third candle, so here, a potential dip can also be expected.
Happy Trading,
K.
Trade closed: target reached