The first TP = 0.4100 on Ripple has been hit as the 1D Channel Down (RSI = 35.413, MACD = -0.013, Highs/Lows = -0.0246, B/BP = -0.0502) has been rejected on a new Lower High at 0.46014. The pace is slow (4H RSI = 29.013 but again MACD, Highs/Lows, B/BP near 0.000) and an aggressive downside break - out is needed in order to keep the current Channel Down valid. See however how every uptrend break-out attempt on XRPUSD is rejected on the Channel Down Lower High resisting line. Based on this we keep shorting with the final extension intact = 0.35277.
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.