XRP chart review

Most obvious scenario came true and XRP fell down to 0.27 support and bounced twice. Bearish momentum is slowing down, although it may test same support again. Scalp to 0.28 resistance is possible now. Thats ~2% multiplied by up to 25x leverage at ByBit.

Last telegram post: XRP slowly falling forming a descending triangle with lower highs at each step. If broke down, support levels for bounce are at ~0.28-0.283 and ~0.27. If breakout, nearest resistance at 0.297 and 0.302.

Kommentera:

While this review was for XRP/USD pair, take a look at XRP/BTC week chart. Very promising beginning of massive growth.