From a technical perspective, we can see that XRP already tested previous diagonal resistance, which couldn't break so we can expect it to bounce back from this zone and retest the previous lows.
We also have a STRONG sale signal from the QQE indicator which tends to be accurate more than 60% of the time for this asset.
With the overall fundamental news that is coming from the US with inflation higher than expected and main indexes (S&P and Nasdaq)
already declining we can expect the bigger picture to overlap with our potential bear signal .
LEVELS:
Entry: 0.3799
TP: 0.3306
SL: 0.3952
RiskReward: 3.22
Probability : (80%)
#crypto #signal
XRPUSD
XRPUSD
XRPUSDT
BTCUSDT
We also have a STRONG sale signal from the QQE indicator which tends to be accurate more than 60% of the time for this asset.
With the overall fundamental news that is coming from the US with inflation higher than expected and main indexes (S&P and Nasdaq)
already declining we can expect the bigger picture to overlap with our potential bear signal .
LEVELS:
Entry: 0.3799
TP: 0.3306
SL: 0.3952
RiskReward: 3.22
Probability : (80%)
#crypto #signal
XRPUSD
XRPUSD
XRPUSDT
BTCUSDT