moreina

XRP sign of weakness, intermediate term bearish

Short
XRP gave us a major sign of weakness a few days ago. The trend is now bearish until we see some demand come into the market. What was previously thought of as accumulation could now very well be distribution until we get some clearer signs of strength.

30 min chart shows a minor selling climax has just occurred but this is probably just a temporary respite from the current liquidation.

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