Today news
About the same in other media
XRP traders can long here to make the best out of its near-term price action
Reading now: 627
XRP is at risk of an ascending channel breakdown following an impeding fourth assault at the bottom trendline. A close below 10 November’s swing low of $1.12 would confirm a breakdown and carve a path towards the 38.2% Fibonacci level.
For the optimists, this defensive region would present long opportunities since it also clashed with the Visible Range’s POC. At the time of writing, XRP traded at $1.18, down by 2.5% over the last 24 hours.
Source: XRP/USD, TradingView
XRP’s up-channel has been active since 25 October, characterized by three higher highs and three higher lows. Following a double top on the MACD and RSI, XRP lined up a fourth hit at its bottom trendline.
If sellers successfully puncture through this trendline and overwhelm bulls
Read more on ambcrypto.comAbout this in other media
Stocks making the biggest moves in the premarket: Best Buy, Zoom Video, Urban Outfitters and more cnbc.com /2 years ago
With Bitcoin, Ethereum in the picture, can MATIC pull off a recovery ambcrypto.com /2 years ago
What’s contributing to Ethereum’s short-term price action, is it tied to Bitcoin ambcrypto.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
