Recent long candle potentially created an imbalance in the buy and sell orders, which provided the opportunity to identify the fair value gap areas as well as the demand zone. These structures/values confluenced with the key levels identfied for XRP. Levels to watch out for are as follows:
0.62270 - XRP to pullback once it gathers momentum from this level. This level coincides with the demand zone.
0.62570 - a breakdown of this level could confirm that price may retest the demand zone. This level also coincides with the fair value gap zone.
0.61460 - possible retest level if the price did not gather enough momentum from the demand zone. This is also the area where to expect the formation of divergences.
0.62930 - a breakout of this level could confirm new higher highs.
I would place a LIMIT BUY order at the 0.62570 and 0.62275 levels.
/please DYOR/trade at your own risk
0.62270 - XRP to pullback once it gathers momentum from this level. This level coincides with the demand zone.
0.62570 - a breakdown of this level could confirm that price may retest the demand zone. This level also coincides with the fair value gap zone.
0.61460 - possible retest level if the price did not gather enough momentum from the demand zone. This is also the area where to expect the formation of divergences.
0.62930 - a breakout of this level could confirm new higher highs.
I would place a LIMIT BUY order at the 0.62570 and 0.62275 levels.
/please DYOR/trade at your own risk