XRPUSD nice shorting opportunity lining up for XRP, on the daily timeframe market has formed this nice W formation in which we expect this pattern to complete at the neckline, we are also at a strong supply level which has historically pushed price down multiple times after reaching these prices, we will be waiting on lower timeframes for entry rules to be met before taking this possible short.
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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.