XRPUSD - Overbought - Short
On the chart of Ripple (XRP) we can see the price is approaching a overbought condition on 4h timeframe. This would mean when the overbought condition is confirmed the price will retrace.
The three indicator used are the Bollinger Bands, Relative Strenght Index and the Stochastics.
At the moment the RSI needs to increase a little bit more. For now the price will move up and once it has reached the resitance the price will drop.
See all further details on the chart.
Goodluck!
The three indicator used are the Bollinger Bands, Relative Strenght Index and the Stochastics.
At the moment the RSI needs to increase a little bit more. For now the price will move up and once it has reached the resitance the price will drop.
See all further details on the chart.
Goodluck!
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