#XRP
Currently #XRP is in the range between 0.56$ (resistance) and 0.47$ (support)
As the coin is in the downtrend, I would set limit orders to short from resistance levels (red lines) that you can see on the chart and would keep my shorts till very strong support levels (green lines on the chart) where I expect to see significant bounce.
To be more clear:
1. The coin is in the range. Breaking through resistance level (blue line) can lead the coin up until 0.567$ where it can reject and return to 0.479$ level.
2. #XRP breaks through 0.567$, in this case the way to 0.67$ opens, where we can see rejection and price return to 0.567$ and probably below.
3. #XRP breaks through all resistance levels and in this case we can see the coin at 0.817$
4. Coin consolidates, closes with 4H candle at 0.47$ and below in this case the way to 0.3627$ opens and probably we will be able to see the coin lower.
Currently #XRP is in the range between 0.56$ (resistance) and 0.47$ (support)
As the coin is in the downtrend, I would set limit orders to short from resistance levels (red lines) that you can see on the chart and would keep my shorts till very strong support levels (green lines on the chart) where I expect to see significant bounce.
To be more clear:
1. The coin is in the range. Breaking through resistance level (blue line) can lead the coin up until 0.567$ where it can reject and return to 0.479$ level.
2. #XRP breaks through 0.567$, in this case the way to 0.67$ opens, where we can see rejection and price return to 0.567$ and probably below.
3. #XRP breaks through all resistance levels and in this case we can see the coin at 0.817$
4. Coin consolidates, closes with 4H candle at 0.47$ and below in this case the way to 0.3627$ opens and probably we will be able to see the coin lower.
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