Resistance test. Possible new Rejection. Short.

١٦ يوليو ٢٠١٨

The price action on XRP has created a new short term 4H Channel Down that is now that is now testing the 0.4600 Resistance. Even if that breaks, the 1D Channel Down (RSI = 42.708, MACD = -0.026, B/BP = -0.0074) applies significant selling pressure near 0.48909, so a bearish continuation for Ripple is the most likely outcome at this stage. TP intact: 0.4100 and 0.35277.