XRPUSDT today is still discounted!Hello traders!
When it comes to XRPUSDT, the long-term outlook on the 1D chart shows that this pair has broken through its ascending trendline and is now setting up for a continued downward trend.
Adding to this, the reversal from the EMA 34 remains stable. The fact that the price is moving below both the EMA 34 and EMA 89 signals a strong bearish advantage and is a positive indicator for further declines in XRPUSDT.
Given these conditions, I anticipate more downside potential. Trading with the trend is often safer, and in this case, the trend is clearly our friend.
What are your thoughts on this strategy? Let's discuss!