Two clear distribution channels on the daily timeframe that have harmed a lot of retail investors FOMOing in.
Scenario 1: XRP continues its trajectory in the downward distribution channel, potentially dumping to the downside at any time
or
Scenario 2: Reversal of downwards channel with price trending upwards for an extended period on the daily (most likely in the bottom half of the upward channel)
Scenario 1: XRP continues its trajectory in the downward distribution channel, potentially dumping to the downside at any time
or
Scenario 2: Reversal of downwards channel with price trending upwards for an extended period on the daily (most likely in the bottom half of the upward channel)
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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.