XRP failed to hold previous supports (CHECK RELATED IDEAS), which has resulted in a lot of red candles. It is still in a correction phase, but for how longer? Dipped into oversold on the RSI is a good indicator that an upwards move is about to happen and a bull flag coming to the end of it's stop about to make a move up (possible targets of 0.0000960 - 1000), which would be the length of its flag pole (purple trend line) or another fall back down (to 0.0000780). Possible target of it breaking up would be a spike through 0.0000820.
This is not trading advice. This is something I use as form of education and for fun. Constructive criticism is always welcome
This is not trading advice. This is something I use as form of education and for fun. Constructive criticism is always welcome
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