$XRP

XRP

1.4142

-0.87%

RP – Bounce pushing into resistance while momentum starts to slow

Trading Plan Short $XRP

Entry: 1.36– 1.41

SL: 1.45

TP: 1.28

TP: 1.21

TP: 1.14

The move up is starting to lose a bit of momentum after the recent push. Buyers managed to keep the bounce going but the follow-through isn’t as strong anymore and the advance is beginning to look more like a grind higher than a clean breakout. Sellers appear to be slowly stepping back into the market, and when the upside starts behaving like this it often leads to a pullback once the buying pressure fades.

Trade $XRP here