XRP broke 0.70 & 2 VWAPs; to retest 0.60 as I posted
XRP / U.S. dollar BITSTAMP:XRPUSD
Update on my last XRP bearish post after XRP falls from an ascending triangle & made a relief rally.
XRP rejected by the green dma50 & quickly falls below 2 VWAPs . It is now below all DMAs & the downtrend remains intact with lower highs & lower lows. Even the Bollinger Band is expanding downwards.
If XRP quickly reclaims & holds 0.70 in the next few sessions with RSI turning up from oversold, then this will be a false Breakdown & a possible reversal from 0.70 base may be in play.
Not trading advice
