Some people are saying that Ripple (XRPUSD) is going to new heights... Remember my last trade idea for it? "Don't Trust It, Ripple Can Be Very Unforgiving"
Even if it decide to move higher at some point, it will first go way lower and take out everybody along the way.
Anyway, forget my opinion, let's look at the chart.
Here we have a classic bearish flag which signals lower prices.
As long as XRPUSD stays below EMA10 (the green line sitting at 0.24800), the bears are in control.
The RSI is weak and the MACD on the bearish zone.
Be careful... With all the negative news and the owners selling like they've been doing since Day 1, XRPUSD is likely to continue to go low.
Namaste.
Even if it decide to move higher at some point, it will first go way lower and take out everybody along the way.
Anyway, forget my opinion, let's look at the chart.
Here we have a classic bearish flag which signals lower prices.
As long as XRPUSD stays below EMA10 (the green line sitting at 0.24800), the bears are in control.
The RSI is weak and the MACD on the bearish zone.
Be careful... With all the negative news and the owners selling like they've been doing since Day 1, XRPUSD is likely to continue to go low.
Namaste.
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🔥 New Lowest Pricing Ever ➖ Easy PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Bearish signals are now being invalidated.