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tradingwithanthony
Jan 24, 2024 8:25 AM

XRP RIPPLE Trade Idea Short

XRP / TetherUSBinance

Description

RIPPLE (XRP) has experienced recent downward pressure, retracing to the 61.8 Fibonacci level, as indicated on the chart. If the Dollar Index (DXY) advances following its current retracement, XRP/USDT may target further downside levels, considering the typical inverse correlation between DXY and XRP. It is crucial to emphasize that this analysis is provided solely for educational purposes and should not be construed as financial advice.
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