XRP/USD Price Action Analysis | A Weak Consolidation

Ripple is trying to get back in the Trading Range. Even if it manages to do so, this weak structure indicates that it will continue its downtrend after taking a visit to the previous swing high and hunting the stops above it. That visit, is our initiation.

Entry: 0.267
SL: 0.288
TP-1: 0.214
TP-2: 0.169
R/R: 4.67

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‪The ideas published here are not financial advices.‬

Trade active

Trade closed: stop reached