The 1.618 FIB coincides almost perfectly with the level of resistance that stopped Ripple's move up last November.
We can also see a bearish divergence on the RSI. Thus indicating we might see a pullback here. Where I'll be targeting the 3100 sats level as support and a valid entry point. With a SL placed just below the previous high and the 2.618 as a target zone.
What are your thoughts on XRP?
We can also see a bearish divergence on the RSI. Thus indicating we might see a pullback here. Where I'll be targeting the 3100 sats level as support and a valid entry point. With a SL placed just below the previous high and the 2.618 as a target zone.
What are your thoughts on XRP?
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Related publications
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.