XRP/USD Trade Idea

Hello and welcome to my Trade Idea of the currency pair XRP/USD.

Lets start with the Top Down Analysis.


Monthly: The last 3 months are bearish.


Weekly: The weekly timeframe is bearish too and the market closed under the support which indicates bearish strength.


Daily: The daily timeframe is in a downtrend too.


H4: On the h4 timeframe we draw the very powerful trendline acting as resistance and expect that new lows will be made.


Have a nice day.