TradingView
Stoic-Trader
Sep 21, 2022 11:33 AM

XRP - Still expect another lower low Short

XRP / US DollarBinance

Description

After 3 months of sideways price action, XRP bulls seem to be trying a breakout attempt, breaking above the gray descending trendline.

I´m not convinced we have a low yet. For a trend to finish, we normally have RSI divergence and a liquidation candle with volume.

RSI divergence is absent, and we could argue that June 13th´s weekly candle has volume, but I´m not a buyer until we see more solid bullish price action.
Comments
SwallowPremium
Good thinking!
lozoot
There seems to be a correction at all the right places. Put together the corrections over the past few days to find your light
More