XRPUSD; Consolidating gains

1 באוק׳ 2018

A larger upper shadow yesterday and some weakness today shows 0.6250 resistance is still valid for now. Market is likely to show some more sideways trading, possibly between 0.5550 and 0.6250 to allow indicators to cool off. For the medium term this is a healthy scenario.

For now one might see a test toward that 0.5550 support, below 0.4850 is possible. Nice for short-term traders but long positions should be kept.