XRP' has been moving exactly as i showed in my previous analysis where i expected a small bounce up to make a lower high inside this bear flag. So far this is a very bad sign, the way it has been moving. The only thing that can save it, is a higher low above that green support around 0.365. This is typical bear flag movement so far, with the dropping volume confirming it. So only a bounce up with some decent volume getting above the 0.385 would make it a first step to fight this bear flag off. A rally above the 0.41ish might invalidate this bear flag. So still a long way to go for the XRP' bulls.
Please don't forget to like if you appreciate this :)
Previous analysis, don't forget to read it.
Please don't forget to like if you appreciate this :)
Previous analysis, don't forget to read it.
Note
Still hanging on the support level here. If this breaks, i think we can make a big drop.Note
Still following the blue line and it's inside the last possible support zone before dropping to the low of a few months ago.
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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.