XRP/USD - Double top rejection is likely to form up
Updated
Clear rejection visible around a stronger 1H resistance on this pair.
As you can see there also is a slow down of momentum on the lower timeframe if you look at the RSI.
Starts getting interesting when price rejects at 6250.
If price continues going up and reach 6350 you don't want to be short on this.
If price drops you want to aim for a 5900 target.
Also, watch the long term RIPPLE view here:
![[XRP/USD] Momentum massively slowing down; great bull outlook](https://s3.tradingview.com/c/Cdh7pgPO_mid.png)
As you can see there also is a slow down of momentum on the lower timeframe if you look at the RSI.
Starts getting interesting when price rejects at 6250.
If price continues going up and reach 6350 you don't want to be short on this.
If price drops you want to aim for a 5900 target.
Also, watch the long term RIPPLE view here:
Trade closed: target reached
Price perfecty went to my targets, can't be more accurate
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