Skip to content
XRP

Ripple continues to slide – Expert Analysis & Trading Tips

Article Rating:
Based on 1 vote
Login to rate this article.
Ripple started the New year flat but is still under a lot of pressure because of the delisting processes it has taken on the biggest exchanges but also for the still ongoing SEC lawsuit for the illegal sale of $1.3 Billion worth of tokens according to them.

Technically speaking XRPUSD is retesting the previous broken level and creating higher lows and flat tops whilst the oscillator is creating higher highs. This is called hidden bearish divergence and is a sign of a bearish continuation based on momentum.
We are waiting for the previous higher lows to break to get in a sell trade which will also break the continuation pattern and give the bearish move momentum.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9