XRP has been losing a lot of ground since it got hit by SEC investigations. After several weeks of quietness, XRP seems to be coming out of hibernation.
Big candles like yesterday, especially on large cap coins, indicate a sudden move of trend. Since XRP has lost so much ground relatively to other large caps, XRP has the potential to regain a lot.
On the chart, I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
Big candles like yesterday, especially on large cap coins, indicate a sudden move of trend. Since XRP has lost so much ground relatively to other large caps, XRP has the potential to regain a lot.
On the chart, I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
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