XRP/BTC Decision time

On trendline support and local descending channel resistance. Price is looking weaker with that volume but it is a roll-the-dice kind of scenario now to be honest.

Personally, I think it will go down but wouldn't play with too much on it.

Let's see how the next 96 hours play out.

Comment:

28 min till 4hr candle close. For bear scenario, I would like to see it close below upper trendline as it currently stands and probe the horizontal red support a bit below it. Ultimately, if it closes below the red support and goes up to test it as a resistance and goes down from it again, this would be a strong indicator of down movement.

Roll on.

Comment:

XRP/USD showing a delay with reaching the red horizontal line, but given BTC down movement, it should breach it as well.

Next stop kinda far below, but take some profit at around 6620 sats.

Comment:

Ok, so during the night, some good news popped up for BTC, XRP and price did a false breakdown and now in the bullish ascending channel again where scenario 1 is playing out.

If you diligently moved your stoploss when price was at 6850sats to SL at 6950 to above the red now resistance line, you should be in some profit. I would now look to buy at 7090 sats area and upside to 7700 area.