XRP/BTC
XRP got rejected badly by the 50MA and descending trend-line resistance.
I don't think this current support area will hold as the strong bearish momentum puts the price down hard.
I'm looking at the next support area where I can place bids for Long entry provided there is confirmation of reversal bounce.
XRP got rejected badly by the 50MA and descending trend-line resistance.
I don't think this current support area will hold as the strong bearish momentum puts the price down hard.
I'm looking at the next support area where I can place bids for Long entry provided there is confirmation of reversal bounce.
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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.