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BARSTrading
Jul 23, 2023 2:10 AM

XRP double top confirmed Short

XRP / TetherUSBinance

Description

As discussed in my live TA from TikTok, we were looking at the XRP pattern, and I was warning of the double top. Looks like this happened, and now I'm aiming for $0.65 for some support.

The yellow path is my previous on going analysis from my live TA. The yellow path was us tracking the sym. triangle formation with my students, where we were looking at how the price breaks and comes back always to touch the support line before rising. This was evident in XRP. We followed it all the way through until it hit the double top.


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XRP ChoCH/MSB highlighting a break in trend, but with low buyer volume.
Could be looking at an extended region. Above 0.74 is considered uptrend.

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XRP Creates an inverse H&S, confirms the patterns, and turns Bullish!
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