CryptoColugo

XRPUSD - No trade zone

BITSTAMP:XRPUSD   Ripple
XRP is currently testing major resistance on the daily chart. We saw that this zone rejected price for many times in the past. We also saw that once we can break this zone price is moving up fast.

I would only be interested in a long position if we can break this strong resistance.

If we can break resistance the target point would be 0.60 and if fit fails we watch out for a daily higher low to be set, if we can't manage to set a daily higher low price probably drop to the next important demand zone of the 0.47.

Enjoy your sunday.

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