XRP seems to have established a range here with price now close to the bottom of the range.
Also possible ascending channel with price reacting to bottom of channel.
Also seeing these possible flags/descending channels with price consolidating downwards with a good possibility for a reaction around these confluences.
Invalidation is below the lower support for the range with maybe a little room in case of deviation.
Also possible ascending channel with price reacting to bottom of channel.
Also seeing these possible flags/descending channels with price consolidating downwards with a good possibility for a reaction around these confluences.
Invalidation is below the lower support for the range with maybe a little room in case of deviation.
Trade active
XRP price fell through support along with the rest of the market.Price wicked into the next support level down (618 fib).
Remains to be seen if there is a test of this level.
Waiting for bullish structure to print on lower timeframes however macro trend is still bullish.
Note
Still in this, looking for a retrace back to 2.2-2.4. Maybe 20-22 May. Note
Also added another target at 4.48 based on fib ext 1.618
Telegram: t.me/theNinjasDojo
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
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.
Telegram: t.me/theNinjasDojo
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
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.