XRP continued to decline after McCaleb's selling and formed a downtrend line.
Price is under liquidity.
Main MAs on 30m Timeframe are bearish sentiment.
TD Sequential - reversal signal down at 30m Timeframe.
In trying to break through the support level, the price was held higher and trading volumes increased.
TD Sequential - reversal signal up at 4H Timeframe.
The 50MA broke down the 100MA on the 1H Timeframe.
Price and RSI have formed a bearish divergence on the 1H Timeframe.
I expect that from the current levels price may test the support level, but after that it will come to the resistance level, where a short position can be considered when XRP fixes under the resistance level.
Price is under liquidity.
Main MAs on 30m Timeframe are bearish sentiment.
TD Sequential - reversal signal down at 30m Timeframe.
In trying to break through the support level, the price was held higher and trading volumes increased.
TD Sequential - reversal signal up at 4H Timeframe.
The 50MA broke down the 100MA on the 1H Timeframe.
Price and RSI have formed a bearish divergence on the 1H Timeframe.
I expect that from the current levels price may test the support level, but after that it will come to the resistance level, where a short position can be considered when XRP fixes under the resistance level.
