In our last XRP analysis, we had a sell set up from the 0.78 level where we indicated that price may break and retest that level before moving lower. Price did exactly as we anticipated and it dropped over 30%!Now we are approaching the support of the parallel channel where we may see a bounce. We have 3 key areas we are looking at. Descending Trendline We...
XRP is within a descending channel and is respecting both the support and resistance. Recently we saw a double bottom chart pattern indicating that price may move up. We are now moving towards channel resistance and structure where we can look for medium to long term trading opportunities.Its worth bearing in mind that if we break the ascending trendline, we...