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๐Ÿ“ˆ Daily TA: XRP/USD | 04-04-2021

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cryptospa
@cryptospa
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Hello, dear members of LeoFinance!

Today I want to outline one very interesting technical pattern in the price chart of XRP.

In the daily chart (1D), XRP/USD has formed something similar to Inverted Head and Shoulders - a typical trend reversal technical pattern:

However, I would like to point out that at the moment the price of XRP is testing the neckline (resistance line) and a breakout still has not taken place. That's why, for now, I will remain in wait-and-see mode.

To be continued ...

As of the time of writing, one XRP costs $0,5968 on the Bitstamp crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years and as a cryptocurrency analyst for the last almost 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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