Quick outlook on XRP/USD with a descending channel on the 4h chart. Many of my followers have requested analysis for several cryptocurrencies and the vast majority are trading within price channels right now.
The structure shown for Ripple can be seen in various other altcoins such as ETH (testing resistance) and SC.
I'd pay close attention to the minor support trendline that price is holding above just now. If this is violated it would signal further declines (possible retest of $0.42)
Feel free to share your analysis below!
The structure shown for Ripple can be seen in various other altcoins such as ETH (testing resistance) and SC.
I'd pay close attention to the minor support trendline that price is holding above just now. If this is violated it would signal further declines (possible retest of $0.42)
Feel free to share your analysis below!
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