XRP/BTC is currently on a downtrend and showing a great shorting opportunity, even though its MA200 is currently serving as a dynamic support. It will most likely go down to its 0.286 Fib retracement level and it might hold there for a while.
If nothing positive happens, it will complete its market cycle and continue to fall to its next support level at ~2800. Now considering RSI, we might see a bullish divergence, but either way this should be an easy trade.
If nothing positive happens, it will complete its market cycle and continue to fall to its next support level at ~2800. Now considering RSI, we might see a bullish divergence, but either way this should be an easy trade.
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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.