Ripple (XRP) Falling Wedge

2 באוק׳ 2020

Ripple (XRPBTC) is now trading within a falling wedge, which is a bullish pattern but...

Its price is below EMA10 with bearish indicators.

There can be more bleeding before prices bounce/reverse and start to go up.

The next important support, the 0.786 fib. retracement level, is clearly marked on the chart.

The next resistance is marked with red.

Namaste.