XRP not impressed

XRP not impressed

Macro is still bearish with repeating rise in RSI then drop . Price was rejected by the cloud resistance and sliding down the cloud support. there is real bearish divergence on the 4H. Price action is following a curved decent down. if price goes down to 0.17, it will form a head and shoulders with a target in the 0.1 area.

Price action might show bullishness if it breaks above of 0.21 and cloud resistance, retest it and get supported. in case of a break out it will form a bearish harmonic , a W pattern.

Published at Tue, 14 Jul 2020 16:39:27 +0000

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