Quick update to my last XRP publication:
Firstly, our H4 demand zones became daily demand zones, which means they are way stronger than before.
Secondly, we are at a critical point for XRP:
1) A break of the trendline will probably bring price back to the last daily demand zone at 0.1630:
- If price holds this level, market will range between last supply and this demand zone.
- If price removes this level, we will revisit 0.1360.
- If price breaks 0.1250, market will find the next monthly demand at 0.033
2) Market bounce on the trend line, create a brand new higher high and reach the last daily supply at 0.21:
- Important area to take the temperature of the market: either bears are able to push price back, or we will go for a weekly retest at 0.31.
IN ANY CASES: We need to wait for the daily closure candle tonight.
Trade safe,
AT
Firstly, our H4 demand zones became daily demand zones, which means they are way stronger than before.
Secondly, we are at a critical point for XRP:
1) A break of the trendline will probably bring price back to the last daily demand zone at 0.1630:
- If price holds this level, market will range between last supply and this demand zone.
- If price removes this level, we will revisit 0.1360.
- If price breaks 0.1250, market will find the next monthly demand at 0.033
2) Market bounce on the trend line, create a brand new higher high and reach the last daily supply at 0.21:
- Important area to take the temperature of the market: either bears are able to push price back, or we will go for a weekly retest at 0.31.
IN ANY CASES: We need to wait for the daily closure candle tonight.
Trade safe,
AT