XRP In An Ascending Triangle or Is It A Double Top?

Today we saw $XRP jump nearly 20% in value which is extremely refreshing in this bear market. I see the price correcting in the near future, but I believe the long-term descending triangle that we have been in since February will remain broken and will now act as a support. The price has formed a double top at 5290 satoshis and could see a retracement to the 0.618 or 0.5 Fib Levels, will look for re-entry at those levels. Happy Trading!

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Commento:

Spotted Bearish Divergence on the 1 HR RSI, still expecting a retracement to the the fib levels mentioned before.