XRP RIPPLE Technical Analysis & Trade Idea

22 בפבר׳

XRP is showing a bearish bias on the daily and 4H timeframe. A break of market structure to the downside on the 4H chart with lower highs/lows reinforces this sentiment.

Intraday Opportunity: We are looking at the 61.8% retracement for a sell opportunity with SL placed above the previous highs, and targeting previous lows.

Disclaimer: Please note that this analysis is purely technical and not to be construed as financial advice. Always conduct your own thorough due diligence and implement sound risk management practices before executing any trades.