Hello, Traders! Monfex is at your service and today we overview XRP/BTC.
Perhaps we have just met a double bottom and this is the reversal point of the uptrend. In this case, we can take the target near 0.00003000. It supports with a bearish div on RSI . The main thing is not to catch a false breakout, so it's worth to wait for a breakout with confirmation(test).
Supposed Trade Signal by XRP/BTC
Sell near 0.00003500
Take profit ~ 0.00003050
Stop loss at 0.00003630
Market Cap $12 567 162 182 USD
Volume (24h) $1 742 965 129 USD
Circulating Supply 43 242 653 330 XRP
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