XRP is approaching the support it established at the end of January. If buying returns, XRP should quickly rally back to the $0.9 zone according to Wyckoff theory. However, here it is easy to see a strong selling force to $0.55 or $0.5 before a strong increase to create a beartrap so we need to pay attention to capital management.
đRED PLAN
â»ïžCondition : If 1-Day closes ABOVE 0.55$ zone
đŽBuy : 0.6 - 0.55
đŽSell : 0.7 - 0.8 - 0.9
đBLUE PLAN
â»ïžCondition : If 1-Day closes BELOW 0.55$ zone
đ”Sell : 0.55
đ”Buy : 0.5 - 0.42
âDetails
đRed Arrow : Main Direction as RED PLAN
đBlue Arrow : Back-Up Direction as BLUE PLAN
đ©Green zone : Support zone as BUY section
đ„Red zone : Resistance zone as SELL section