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
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