A continued failure to rally for XRP puts full range weekly OTE in sight.
I mean - why not...put in a good argument and I'll listen...XRP has found some anticipated support at local rage OTE (see my XRP theorising chart), and this provided a straight forward 12-13% long scalp...but if this thing puts in another HTF LL, then expect us to tap directly to the weekly breaker.
I'll be waiting in the weekly breaker with my fishing line in any case to catch any sudden wick to there.
Happy fishing.
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almost there
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Don't be surprised to see a strong wick down first to murder long positions.
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Sitting right on 705. Perfect.
Now we wait for XRP to start printing a break in the current HTF bearish Market Structure before considering any entry.
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Inside the weekly breaker.
Weekly closed above 705. Current weekly below 705 but 7 days trading till next close.
Meanwhile we watch D1 for any hints in market structure change.