XRP refuses to die, and shows a lot of resilience. Pump group rescued it from the low but did not follow through. Current price action is in an ascending triangle which is bullish but can break down. The latest sweep of the highs I attribute to favorable market conditions. HTF dominance is still in a terrible shape not boding well for the future of XRP. I have multiple indicators in conflict, some bullish some clearly bearish. I tend to lean bearish and market conditions have been bearish today. We will know when price breaks out of structure.
Commentaire:
First bearish target reached.
