XRPUSD: congestion before takeoff
XRP is consolidating since almost 2 months now, the bears can't break the 0.1750 anymore which is the support to remove if we want to expect further downside movement.
We have huge bearish exhaustion candles on daily TF, highlighting the current weakness of bears to push the market lower.
For you to know, XRP has been one of the cryptos that moved the less compared to other cryptos during the march to now period, the market could catch up super quickly the lateness with a solid move to the upside.
This is why, if the market can get out of the current triangle, I expect a sharp push to the weekly res at 0.30$. To confirm a long term bullish movement, we must remove 0.35 and hold above it.
Before that, we could see the 0.1750 support tested again, allowing big candidates to enter the market.
Trade safe,
AT
We have huge bearish exhaustion candles on daily TF, highlighting the current weakness of bears to push the market lower.
For you to know, XRP has been one of the cryptos that moved the less compared to other cryptos during the march to now period, the market could catch up super quickly the lateness with a solid move to the upside.
This is why, if the market can get out of the current triangle, I expect a sharp push to the weekly res at 0.30$. To confirm a long term bullish movement, we must remove 0.35 and hold above it.
Before that, we could see the 0.1750 support tested again, allowing big candidates to enter the market.
Trade safe,
AT
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน