XRP Sell a break setup.
Ripple - Intraday - We look to Sell a break of 0.3535 (stop at 0.3690)
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
This over-extended move shows no sign of slowing.
We look for losses to be extended today.
Our outlook is bearish.
A move through bespoke support at 0.3600 and we look for extended losses.
A higher correction is expected.
Our profit targets will be 0.3084 and 0.2626
Resistance: 0.4000 / 0.4100 / 0.4250
Support: 0.3600 / 0.3300 / 0.3000
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
This over-extended move shows no sign of slowing.
We look for losses to be extended today.
Our outlook is bearish.
A move through bespoke support at 0.3600 and we look for extended losses.
A higher correction is expected.
Our profit targets will be 0.3084 and 0.2626
Resistance: 0.4000 / 0.4100 / 0.4250
Support: 0.3600 / 0.3300 / 0.3000
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