The buyers left the cryptomarket, and Ripple's rate fell. Sales volume of Ripple are growing. The nearest support zone for XRPUSD is $ 0.58 - $ 0.56.
Priority of the day: sell XRPUSD with the target of $ 0.58.
It is better to sell Ripple after the rollback of its rate up, to $ 0.65 - $ 0.63.
Projected scenarios:
1. Sell XRPUSD from $ 0.65 to $ 0.58.
2. Without rollback, we do not recommend opening a short position on Ripple.
Alternative scenario:
The XRPUSD rate may find buyers support near $ 0.60- $ 0.58 and sharply go up. If the volume for the purchase of Ripple is significant, we will reconsider our intention to sell it, and join the bulls.
Priority of the day: sell XRPUSD with the target of $ 0.58.
It is better to sell Ripple after the rollback of its rate up, to $ 0.65 - $ 0.63.
Projected scenarios:
1. Sell XRPUSD from $ 0.65 to $ 0.58.
2. Without rollback, we do not recommend opening a short position on Ripple.
Alternative scenario:
The XRPUSD rate may find buyers support near $ 0.60- $ 0.58 and sharply go up. If the volume for the purchase of Ripple is significant, we will reconsider our intention to sell it, and join the bulls.