XRP - Intraday - We look to Sell a break of 0.4519 (stop at 0.4681)
Short term momentum is bearish.
We are trading at overbought extremes.
A higher correction is expected.
A break of the recent low at 0.4531 should result in a further move lower.
The bias is to break to the downside.
Our profit targets will be 0.4111 and 0.4011
Resistance: 0.4800 / 0.5000 / 0.5300
Support: 0.4500 / 0.4300 / 0.4100
Short term momentum is bearish.
We are trading at overbought extremes.
A higher correction is expected.
A break of the recent low at 0.4531 should result in a further move lower.
The bias is to break to the downside.
Our profit targets will be 0.4111 and 0.4011
Resistance: 0.4800 / 0.5000 / 0.5300
Support: 0.4500 / 0.4300 / 0.4100
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Related publications
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.