$XRP - Range Bound Consolidation

76
Ranging:

Support: $1.9 to $2

Pivot: $2.45 to $2.5

Resistance: $3

Price is at PoC of Volume Profile

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Bulls aiming for Breakout and Retest above $3 to lead towards Target Price $5

Bears aiming to Breakdown and Retest Failure of $2 support Band. Bears logical target are the Weekly MA50 at $1.20 and MA200 at $0.75

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Neutral stance. Expect further range bound Price Action between the Support-Pivot-Resistance Zones.

Operating with Tight Stop Loss at both extremes of the range seems logical.

Or maybe deploy counter hedges as well for studden upside or downside protection.

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