$XRP / #Ripple | 4H Trade Setup Update ● Current Status: XRP has rejected off the Value Area High

4 months ago
14

$XRP / #Ripple | 4H Trade Setup Update

● Current Status: XRP has rejected off the Value Area High (VAH) of the range with a bearish divergence.

● Technical Indicators: Falling Momentum and Money Flow: Indicating decreasing buying pressure. Stochastic RSI: Curving downward, suggesting potential for continued downward movement. Liquidity at Point of Control (POC): Price may seek to grab liquidity at this level as it is close.

● Outlook: Traders should exercise caution and monitor closely for signs of sustained momentum. The combination of bearish divergence, falling momentum, and money flow, along with a downward-curving stochastic RSI, suggests a potential for further downward movement. Watch for price action around the POC for possible liquidity-driven reversals.

Loading comments...