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XRPBTC analysis
XRP / Bitcoin
XRPBTC analysis
By mk6dunc
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Jun 3, 2018
2
Jun 3, 2018
XRP is just coming out of an inverted head & shoulders and will likely follow the same pullback that BTC may see.
The shooting start at the end the inverted H&S was/is a good indicator that a downward trend is likely.
XRP will likely test weak support around 83k and depending on how BTC this week could very well break that support and test strong support around 81k.
RSI is approaching oversold levels and MACD is indicating a potential cross downwards. Not enough volume to sustain an upward trend.
This could be a good potential shorting opportunity.
Chart Patterns
Cryptocurrency
Technical Indicators
short
Trend Analysis
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XRPBTC
mk6dunc
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