FenzoFx—Ripple (XRP) has extended its downtrend from 2.650 to the key support at 2.30. XRP is currently trading slightly above this level.
The smart money index reads 1.28, matching prior lows where price previously bounced.
Support remains at 2.26. As long as XRP stays above this, a move toward the 2.44 resistance is likely.
Bearish Scenario: A drop below 2.26 would invalidate the bullish outlook, potentially opening the path to 2.06.
The smart money index reads 1.28, matching prior lows where price previously bounced.
Support remains at 2.26. As long as XRP stays above this, a move toward the 2.44 resistance is likely.
Bearish Scenario: A drop below 2.26 would invalidate the bullish outlook, potentially opening the path to 2.06.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.