THOUGHTS ON XRP/USDXRP/USD 1D - As you can see price has been sat within this range for some time now, I think its only a matter of time before we have our next rally to the upside. I was sceptical about seeing price take a further down move to clear the inefficiency.
However price has shown good signs of holding within this range and its actually respecting these areas of Demand as you can see above, this tells me that the balance is in fact in favour of the Demand in the market.
I have gone ahead and marked out a fractal area here, I would like to see price clear the orders within this before that hike, this gives people the opportunity to top up on XRP should they want to.
From this next hike I am predicting price to surpass previous highs that have been set within this range, and I am expecting that the lows set here would then be seen as protected following the laws of Bullish structure.