After a substantial rally from lows of around $0.50, XRP is showing signs of weakness having rejected resistance at $1.30 multiple times over the last couple of weeks.
With that being said, XRP does not yet look primed for a Short.
Support at $1.24 is relatively strong but if Bears can succeed with a close below this price, XRP will likely seek liquidity at lower prices. This would be your opportunity to go Short. A close below any of the MA's would be an additionally bearish sign.
On the other hand, if Bulls can regain control and close the day above £1.30 we could see XRP head for the highs we saw earlier on this year.
Whats your thoughts?
- Sound off in the comments!
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
With that being said, XRP does not yet look primed for a Short.
Support at $1.24 is relatively strong but if Bears can succeed with a close below this price, XRP will likely seek liquidity at lower prices. This would be your opportunity to go Short. A close below any of the MA's would be an additionally bearish sign.
On the other hand, if Bulls can regain control and close the day above £1.30 we could see XRP head for the highs we saw earlier on this year.
Whats your thoughts?
- Sound off in the comments!
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️