Good morning all. XRP continues to play tricks, however moves directly onto the tip of the rising triangle that gave us this flag formation. We are now back testing the descending channel as support directly in the middle of the 0.5 and 0.618 fibonacci retrace levels. Currently MACD is bullishly diverging with price, the oscillator is showing lower levels of negative momentum thus far. we should continue to wait for the support to hold true with a potential bear trap/spring dipping back into the descending channel.
Trade closed: target reached
XRP struggling?