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🍁$XRP - RIPPL - Downward Retracement Area
With the help of the Peaks🔴 and Valleys🔵 indicator:
🍁The price has reached the upper trend area of the ascending channel in black, which is considered an overbought area and a downward retracement is expected from here. We should look for selling opportunities on smaller time frames.
After the price reaches the support area in green at 2.400, we begin to wait for buying opportunities to develop with the overall upward trend.
🍁The analysis published on this page aims for education and not for applying recommendations. Every trader should be independent and not blindly influenced by recommendations, but should understand the market and the analysis to enter opportunities with confidence and knowledge of the reason for entering a buy or sell position.
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