THE IMPOSSIBLE IS POSSIBLE IN STOCKS - XRP
Updated
Kooo-nich-iwaaa family & friends!
Here we have XRP on weekly - chart. et's get right to it! XRP is nearing h&s neckline on weekly chart! Additionally, there's a big bearish divergence on the weekly MACD, heading into a progressive decline in buy-side momentum. With that said, this breakdown is currently printing high volume.
If XRP begins to break down below this critical support (.25-.26) that it's currently grinding on, it could have disastrous effects. A break below this "Huge Support" level would likely send price back down to the $0.15-0.18). It's pretty clear that XRP needs to hold this critical support.
Lets seee what happens.
This is not financial advise, do your own research and never risk more then you can afford to lose!
Here we have XRP on weekly - chart. et's get right to it! XRP is nearing h&s neckline on weekly chart! Additionally, there's a big bearish divergence on the weekly MACD, heading into a progressive decline in buy-side momentum. With that said, this breakdown is currently printing high volume.
If XRP begins to break down below this critical support (.25-.26) that it's currently grinding on, it could have disastrous effects. A break below this "Huge Support" level would likely send price back down to the $0.15-0.18). It's pretty clear that XRP needs to hold this critical support.
Lets seee what happens.
This is not financial advise, do your own research and never risk more then you can afford to lose!
Trade active
Bullish divergence short term -
Related publications
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.