Technical_Perspectives_69_420

XRP going down to 19-20c

Short
KRAKEN:XRPUSD   XRP
Looking at the 4 hour time frame we can see that RSI is about to hit 70. Every time it does we can see a reversal to the down side. MACD is also ticking downwards. We are most likely about to hit the 200 MA and possibly spike above it for a day before we start moving down. Keep your stop losses tight. This is going to be a nice 10% swing downwards. Feel free to share your ideas! Let me know what you think !!!

Don't overcomplicate things in trading
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.