XRPUSDT.P I am sharing this analysis for myself, it is not investment advice.
İn xrp we see a major bearish channel, in the channel we are nearly on the top. And Then wee see a triangle formation short term price move.
İf we break the triangle up we go double resistance area, normal resistance and channel line. İf we go down we are probably see a reaction on the white line and go up, after we go up if 2.27 resistance hold us we go to 2 dollar zone, but if 2.27 dont hold us we go to channel upper limit again.
Lastly, the cumulative delta is showing us a not good sign too. I used perpatual for this analysis but on the spot side things are not different too.
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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.