TradersProfitClub

Ripple DEATH CROSS Forming! What Does This Mean For XRP?

Short
BINANCE:XRPBTC   XRP / Bitcoin
Ripple XRP is currently forming a death cross with it's moving averages (when a lower moving average goes below a higher moving average) which is a very bearish technical indicator. If we were to take a closer look, the RSI is showing resistance at 40 & has already breached this level to the downside (very bearish). This in combination with a lack of buyer volume leads me to believe we will see some downward momentum soon to our next major support level of around 7630 Satoshis.

💯Join our 20,000+ discord members for daily updates: discord.gg/profits

💰Get 24/7 trade alerts from nearly a dozen 7-figure traders in the crypto, forex, and stock market www.tradersprofitclub.com/make-profits
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.