XRP has been ranging, like it or not, for the past few months. Blue range high and low signify the parameters price has respected and I do not expect this to change.
What I would expect, is a potential flush into the deman zone (green) preceeding a push up to the mid-range with a reclaim and push to the range high.
This is contingent on the fact the altcoin market, as a whole, remains steady and relatively strong ie: no BTC/ETH cap events.
Ripple loves flushing the lows before pumping, so this is a cautious play I am watching. The more optimistic scenario is we don't flush into green and simply continue this trend up the the range eq and highs.
Time will tell, price current making a decision on the local S/R in red.
Stay frosty.
Vatsik
What I would expect, is a potential flush into the deman zone (green) preceeding a push up to the mid-range with a reclaim and push to the range high.
This is contingent on the fact the altcoin market, as a whole, remains steady and relatively strong ie: no BTC/ETH cap events.
Ripple loves flushing the lows before pumping, so this is a cautious play I am watching. The more optimistic scenario is we don't flush into green and simply continue this trend up the the range eq and highs.
Time will tell, price current making a decision on the local S/R in red.
Stay frosty.
Vatsik
Vatsik