#XRP broke the critical bullish trendline which started back in November. We have had a pullback to the BOS zone which also resulted in a rejection candle on the 4h chart.
Looks like we can now expect to drop to the next support zone which sits at $1.37.
This would now indicate that we are in a bear market as per TA, however, the recent price action and not only in crypto is due to economic news and the market is very volatile at the moment so not FA and any news can trigger a change in direction. Trade carefully and always use SL!
Looks like we can now expect to drop to the next support zone which sits at $1.37.
This would now indicate that we are in a bear market as per TA, however, the recent price action and not only in crypto is due to economic news and the market is very volatile at the moment so not FA and any news can trigger a change in direction. Trade carefully and always use SL!
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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.