The big picture (Weekly chart) technical situation on the XRP suggests that the upside momentum that was driving price action over the past 3 weeks is getting fatigued and may be coming to an end. The failure to breakout above the massive key-level resistance of $3.0790 is becoming evident and is also an indication that a serious downside reversal is in the pipeline. Launching a new bearish campaign, targeting both $2.7320 and $2.3430 respectively.
Trade active
Hitting secondary profit target at $2.7320! Case still open...Trade closed: target reached
Hitting primary profit target at $2.3430! Case closed!
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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.