Hidden Bearish Divergence at a 50% Retrace
I think XRP has had enough upside from here and will reverse between the 50% and 61.8% retraces.
A few days ago i was Bullish on XRP at the bottom of a descending broadening channel but we have since reached the top of this channel and are now showing signs of 4 hour hidden bearish divergence on the RSI.
If this continues and we see a reversal from here then i'll expect XRP to go as low as 37 cents near the 886 retracement on the daily timeframe.
A few days ago i was Bullish on XRP at the bottom of a descending broadening channel but we have since reached the top of this channel and are now showing signs of 4 hour hidden bearish divergence on the RSI.
If this continues and we see a reversal from here then i'll expect XRP to go as low as 37 cents near the 886 retracement on the daily timeframe.
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