Today we saw 
XRP jump nearly 20% in value which is extremely refreshing in this bear market. I see the price correcting in the near future, but I believe the long-term descending triangle that we have been in since February will remain broken and will now act as a support. The price has formed a double top at 5290 satoshis and could see a retracement to the 0.618 or 0.5 Fib Levels, will look for re-entry at those levels. Happy Trading!
Follow me on twitter : twitter.com/u/xLegitimate_
XRP jump nearly 20% in value which is extremely refreshing in this bear market. I see the price correcting in the near future, but I believe the long-term descending triangle that we have been in since February will remain broken and will now act as a support. The price has formed a double top at 5290 satoshis and could see a retracement to the 0.618 or 0.5 Fib Levels, will look for re-entry at those levels. Happy Trading!Follow me on twitter : twitter.com/u/xLegitimate_
Note
Spotted Bearish Divergence on the 1 HR RSI, still expecting a retracement to the the fib levels mentioned before.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.