Can XRP retest this mid-range?
Updated
Ripple [XRP] oscillated within a short-term range of $0.4332 - $0.4869 between 20 April - 8 May. The mid-range stood at $0.4604.
Price action broke above the recent narrow price compression range, seen from 8 May, and faced rejection at the previous mid-range of $0.4604.
A pullback retest on $0.4413 could see XRP target the mid-range again.
Entry: $0.4423
Take-profit: $0.4604
Stop-loss: $0.4332 (below the previous range low)
RR: 2
Price action broke above the recent narrow price compression range, seen from 8 May, and faced rejection at the previous mid-range of $0.4604.
A pullback retest on $0.4413 could see XRP target the mid-range again.
Entry: $0.4423
Take-profit: $0.4604
Stop-loss: $0.4332 (below the previous range low)
RR: 2
Trade closed: target reached
Although the price didn't retest the expected entry level, it saw a positive reaction from the narrow FVG zone (yellow) and closed above the former mid-range level.
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