Charl13Scrutton

XRPUSD scalp idea

XRP has been very volatile, my analysis shows that the price action has been rejecting the trend line.

If we were to see a reversal here, this could form a head and shoulders formation, which could push XRP lower. Also, it is hovering over the fib level- another confluence.

This is a SCALP idea so the probability is lower, however, this could be a good move in terms of hitting our target of $1.1000

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.