XRP Short Scalp idea

4 Ağu 2023

XRP lost the support held these last 8h, Next Stop is Support level at 0.655, if we cross that, next visit will sure be 0.64 at Fib 0.382 level, and probably shortly after will revisit Psychological Support at 0.56, also Fib Level 0.236, This level held well during 2021's consolidation after bull run, and strong resistance during this last bear market

4 Ağu 2023

Not

RSI is right now is close to the oversold side, might go up to retest previous resistance before revisiting 0.655 again, we will keep a watch on how DXY and BTC behaves as well, XRP for the moment is still following the market, although if BTC dumps this support level, XRP will lose this support and probably go lower independently, to regain strength for next leg up,
This is just my thoughts following XRP's historical price behaviour
NO Financial Advise!