Hello traders,
Xrp is currently rangebound on low time frame.
We deviated above range high and now below 0,5 level. 15m has bullish structure and on balance volume is showing a hidden bullish divergence. A pump into 61-70.5 fib zone is likely. This would also be a retest of range high.
Classic range play. Range high is likely resistance and could offer short opportunities.
If you find my analysis helpful, please leave a like and/or follow.
Xrp is currently rangebound on low time frame.
We deviated above range high and now below 0,5 level. 15m has bullish structure and on balance volume is showing a hidden bullish divergence. A pump into 61-70.5 fib zone is likely. This would also be a retest of range high.
Classic range play. Range high is likely resistance and could offer short opportunities.
If you find my analysis helpful, please leave a like and/or follow.
Trade closed manually:
market to heavy.
drop to 0.67 possible
drop to 0.67 possible