If Ripple (XRPUSD) manages to make a higher low and higher high within intraday timeframe, than we could potentially see price breaking current resistance and moving higher.
On the other hand, be patient and on the look for potential downside movements.
If price breaks current support and market structure, we should expect bears to continue selling pressure and see further move down to collect more buyers.
We are currently seeing an accumulation phase, but I still think XRPUSD is finishing the year around the higher bands.
If you like this analysis, please like and follow the channel as I will be posting crypto analysis more frequently from now on!!
Thanks,
Gaspar_Trader
On the other hand, be patient and on the look for potential downside movements.
If price breaks current support and market structure, we should expect bears to continue selling pressure and see further move down to collect more buyers.
We are currently seeing an accumulation phase, but I still think XRPUSD is finishing the year around the higher bands.
If you like this analysis, please like and follow the channel as I will be posting crypto analysis more frequently from now on!!
Thanks,
Gaspar_Trader
L.G