XRP Key Levels: SPOT GRID SetupXRP is potentially in a bearish momentum at the moment and potentially bullish on a daily time frame. This could mean one of the best times to set up a SPOT GRID.
The GRID uses the key levels based on the calculations made by my key level indicator. I made major adjustments in the formula hoping that price will better respond and react to each key level. This is my first time to post this trial and do a forward testing (backtesting results were promising).
I would start my GRID at the Median 50% to 15% level. If price closed below the Upper 50%, price will likely retest the Median 50% and most likely gather more volume at the Lower 50% and 30%.
Price may then rise up at that point when enough volume of buyers are gathered. I will close the GRID when price reached the 70% level or when target profit of 1 to 2 percent is reached.
However, it is also likely that price may hover between the Median 50% and Upper 50% if the volume of buyers are enough to sustain the upward momentum
Prevailing support zone is between 52960 and 53500 level.
