I believe the correction to the downside is still to be completed. This assumes that a new low should be established. This viewed is enhanced by the characteristic of the recent bullish moves. At first I thought since they had synchronized with the recent moves in Bitcoin (which I do consider bullish) that this to meant the start of the new bull market for Ripple but after watching the development of this movements I am far more confident taking a bearish stance in the coin at least for the moment or until proven wrong by the market.
Before making any market move make sure you based them in your own investigation. Trust but Verify.
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.