XRP TO DIVE SOON
In the chart we can see bear divergence on the RSI. We also have significant resistance at the December lows of .175 with two rejections at the top of the bear flag I discussed yesterday, all this while also experiencing declining volume looks pretty bearish to me. The more times it butt's into the .175 resistance the weaker the resistance becomes so it's possible it gets through it should price stay at these levels. I just don't see that happening though. If you want to open a long, I would do so AFTER breaking AND holding the .175 trendline, wait for a retest and buy in there with a SL at .165 but by God, WAIT for confirmation. If XRP goes bullish, I would expect no higher than .30 as the top target. Good luck and happy trading!
This is not trading advice, trade at your own risk.
This is not trading advice, trade at your own risk.
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