This is not a long or short post, but simply an observation. I did not take in to account the fundamentals here
As we can see on the chart we recently got a golden cross and a couple other nice bullish signals. The Stoch RSI seems to be indicating that XRP is oversold as well.
This drop was due to the coronavirus fears but also the fact that it hit a big resistance and fell from it. Now I think it will try to push up once again and try to break through it.
I wouldn't short or long before market open on Monday as the Fundamentals might heavily affect XRP and crypto in general.
Good luck!
As we can see on the chart we recently got a golden cross and a couple other nice bullish signals. The Stoch RSI seems to be indicating that XRP is oversold as well.
This drop was due to the coronavirus fears but also the fact that it hit a big resistance and fell from it. Now I think it will try to push up once again and try to break through it.
I wouldn't short or long before market open on Monday as the Fundamentals might heavily affect XRP and crypto in general.
Good luck!
Trade closed: target reached