Art_of_Trading

RIPPLE (XRP) - Price Action Analysis

Short
The XRP price increases significantly (log bullish bar) yesterday. However, it stopped going up and found the resistance point at 0.670. Then, it started moving sideways and none of the participants (sellers and buyers) got control of the price. However, there is a resistance level at 0.7071, where the new selling orders are placed. However, I expect the price will not go up and after breaking the red box, the bears will start selling, not to miss an opportunity to make profits. Once, the valid breakout is confirmed with a strong bearish move, I will short this trade.
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.