Xrp has touched the top of the channel that price describes. The indicator shows an oversold situation. The probability is high that it will hit the bottom of the channel (3294 sats) before resuming its upward move.
Entry1: 3294
Entry2: 3104
Entry3: 2889
SL: 2717
TP1: 3666
TP2: 3892
The weekly chart shows a bearish situation (price under the kumo) and an oscillator which is oversold. The falling wedge gives us little information about the iminent trend reversal as it is not confirmed by volumes. The above information increase the probability that the upward move of xrp is just a retracement (up to the flat kijun sen that will probably occurs around 3892 sats in the next weeks).
Entry1: 3294
Entry2: 3104
Entry3: 2889
SL: 2717
TP1: 3666
TP2: 3892
The weekly chart shows a bearish situation (price under the kumo) and an oscillator which is oversold. The falling wedge gives us little information about the iminent trend reversal as it is not confirmed by volumes. The above information increase the probability that the upward move of xrp is just a retracement (up to the flat kijun sen that will probably occurs around 3892 sats in the next weeks).