XRP has reached a strong level of resistance on the daily at approx 80 cents and heading towards overbought territory. took a lot of buying pressure to break it up on 5th April and then a lot of selling pressure to break it down on 21st of June:
Daily:
It is about to print bearish divergence on the 4hr chart in the oversold area:
It is also printing bearish divergence on the 1hr:
I am looking to short it depending on how the next candle closes down to next 4hr support level at around 68 cents:
Daily:
It is about to print bearish divergence on the 4hr chart in the oversold area:
It is also printing bearish divergence on the 1hr:
I am looking to short it depending on how the next candle closes down to next 4hr support level at around 68 cents: