Art_of_Trading

Ripple (XRP) Structure Analysis

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BITFINEX:XRPUSD   Ripple
The XRP has tested the previous structure high at 0.7227, which acts as a resistance level. The price respected that level few times. It means, the selling orders are placed there, every time the price touched that level, it went down. There is not enough buying power to break that level, and it is more likely that the more sellers will join the market, who push the price down.
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