XRP Bearish Scenario
Updated
XRP/USD downtrend has not been broken despite the many attempts by bulls.
Rejections at .26730, .25775 and .25396
Unless XRP manages to break and close above the trend line then we could potentially see a temporary move to the upside
with that being said we did close bullish yesterday but it has not affected the price movement at all
Its very clear that XRP and major cryptos are still bearish and the price will continue to go down. (Sorry HODLERS)
XRP is also in a descending triangle and if broken at .23 we could see a sharp drop to .20 cents.
on the bright side we could see a double bottom and see a possible "long" opportunity.
Rejections at .26730, .25775 and .25396
Unless XRP manages to break and close above the trend line then we could potentially see a temporary move to the upside
with that being said we did close bullish yesterday but it has not affected the price movement at all
Its very clear that XRP and major cryptos are still bearish and the price will continue to go down. (Sorry HODLERS)
XRP is also in a descending triangle and if broken at .23 we could see a sharp drop to .20 cents.
on the bright side we could see a double bottom and see a possible "long" opportunity.
Trade active
if you shorted you should currently be in profitTrade closed: target reached
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