Potential head and shoulders developing on XRPUSD
Not trading advice - for educational purposes only.
There could be a head and shoulders developing on XRP (and others) that is located on historically significant support/resistance. If the right shoulder continues to develop, it could lead to a fall to somewhere around .12. This would align with previous support, but price could also fall lower due to the large downtrend channel.
If the H/S develops completely, the fall could be quick, due to the area of S/R.
A lot will depend on what happens with BTC, which is currently the clear leader in cryptoland ...
There could be a head and shoulders developing on XRP (and others) that is located on historically significant support/resistance. If the right shoulder continues to develop, it could lead to a fall to somewhere around .12. This would align with previous support, but price could also fall lower due to the large downtrend channel.
If the H/S develops completely, the fall could be quick, due to the area of S/R.
A lot will depend on what happens with BTC, which is currently the clear leader in cryptoland ...
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