InvestingScope

XRPUSD: Stronger than expected but still bearish.

Short
Despite the new Low on a 4H basis (Highs/Lows = -0.0031), Ripple is on a less aggressive downtrend on the short term (neutral STOCHRSI, ADX, Williams) than what was expected. With 1D however on just a neutral RSI = 47.191 and MACD = 0.000, the Channel Down is still expected to reach our TP = 0.27100 and 1W support, but within a longer horizon.

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