XRP Bearish Reversal
XRP managed to bounce off the upper trend line of its two-month channel, signalling a downwards move.
The RSI functions as a second confirmer here, signalling when XRP is either overbought or oversold. Recent history shows that when RSI and the trendline are working in conjunction the price is prone to reverse in the short term. The same has happened in the last few hours.
Consider exiting your short position when the price reaches the green area, since its an important area of support.
The RSI functions as a second confirmer here, signalling when XRP is either overbought or oversold. Recent history shows that when RSI and the trendline are working in conjunction the price is prone to reverse in the short term. The same has happened in the last few hours.
Consider exiting your short position when the price reaches the green area, since its an important area of support.
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