datsuntran

XRP descending channel

KRAKEN:XRPUSD   XRP
XRP is currently stuck in a descending channel that seems to be supported by the long term triangle top (blue lines). It is also testing support at the .33 cent level. The 50MA is acting as resistance as well, breaking through that could lead to more upside action.
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.