XRP TURNING BEARISH! BEWARE
XRPUSDXRP has seen a great bullish run as of recently. We are now beginning to enter a pullback before the next bull cycle.
We see this with the 3 indicators on the graph.
EMA50 has crossed over EMA20 which we now know (from my previous ideas) is a bearish indicator.
Also, the auto fib retracement is at the 0.618 level. As XRP is trending downwards we can expect this to push below the 1.0 line (and maybe further).
Anticipate a short bearish period but be ready to re-enter. I will update this idea as XRP turns bullish.
This is not financial advice! Please trade at your own risk.
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