XRPUSD - Testing support again
The price of ripple has tested the support level two times now over the last couple of weeks, the support level has managed to hold up and not break. The price is starting to become very narrow as the price is getting closer and closer to breaking out. The price looks like it is being squeezed at the moment as is soon going to gain momentum and volatility as it gets ready to breakout. It looks much more likely to breakout the resistance of this triangle looking at the position of the RSI. usually descending triangles breakout the support level and this is always also a possibility. I will update this post as the price gets ready to breakout.
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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.