XRP broke the support it was building at .4050 after a slight retrace to .38. All was looking like higher highs with some nice trend lines and then it broke down. At this point if xrp cannot hold the bottom trend line of the ascending triangle we will be looking a new lows. Strategy here would be be either to short under .34 or long above $.42 after the ascending triangle builds. You also would probably be fairly safe shorting the top of the triangle until it reaches near the point of breakout.... if it even gets that far.
Note
Be prepared for XRP to go much lower and much higher than people are expecting. Don't miss your shot!Note
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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.