Hi Traders,
XRP has squared off the last upward move as expected and explained on our last post. The next move will be to expect price to rise and find resistance at the $0.55 area. When looking at price action it looks like we may see a deeper retrace down to the $0.35 area as this is where we have huge demand, if this is so it will mean that XRP will solidify itself for a continuation to the up side by turning past resistance to support. A great buy position can be expected to open up to us if we do see a deeper retracement and rejection at the $0.35 level .
Thanks
The Market Sniper
XRP has squared off the last upward move as expected and explained on our last post. The next move will be to expect price to rise and find resistance at the $0.55 area. When looking at price action it looks like we may see a deeper retrace down to the $0.35 area as this is where we have huge demand, if this is so it will mean that XRP will solidify itself for a continuation to the up side by turning past resistance to support. A great buy position can be expected to open up to us if we do see a deeper retracement and rejection at the $0.35 level .
Thanks
The Market Sniper
