Ripple (XRP/USD) is currently consolidating below resistance as defined by the bearish order block at R1.
Our Directional Bias indicator currently has a long bias, so it would make sense to look for a long entry.
The bullish order block at S1 is a logical place to find support and to enter long. The first target after that would then be the top of the range at R1, the next target is located at R2 if R1 fails to act as resistance.
Meanwhile, if price can’t find support on S1, S2 becomes the next logical support.
Our Directional Bias indicator currently has a long bias, so it would make sense to look for a long entry.
The bullish order block at S1 is a logical place to find support and to enter long. The first target after that would then be the top of the range at R1, the next target is located at R2 if R1 fails to act as resistance.
Meanwhile, if price can’t find support on S1, S2 becomes the next logical support.