I´ve been looking a lot at XRP these days and I have been trying to figure out if it is time to fill or empty the bags!
Looking at the current formation and price action, it is really not tempting.
The price is currently below the SMMA 200 on the 30 min, which indicates a bearish trend.
Furthermore, the price is clearly forming a bearish cup & handle, as well as collecting momentum on the RSI.
I would not look to short the coin nor buy in this current market, we need to see how this plays out.
Be well and beware of the risk in this market,
Best regards,
Widtrade
Looking at the current formation and price action, it is really not tempting.
The price is currently below the SMMA 200 on the 30 min, which indicates a bearish trend.
Furthermore, the price is clearly forming a bearish cup & handle, as well as collecting momentum on the RSI.
I would not look to short the coin nor buy in this current market, we need to see how this plays out.
Be well and beware of the risk in this market,
Best regards,
Widtrade