Lorenzo Stroe
Independent Analyst
- XRP/USD just had a significant spike from $0.1925 to $0.198 in less than 30 minutes.
- Unfortunately, bulls couldn’t that level and Ripple price is already at $0.194.
XRP/USD has been in a slow descending trend for the past week forming long-wick candlesticks on the daily chart. After peaking at $0.211 on July 9, the digital asset has been dropping almost every day. The daily uptrend is still intact, however, bulls are clearly losing a lot of strength in the short-term.
XRP/USD 15-minutes chart
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A sudden spike took XRP almost above $0.20, however, bulls were stopped quickly and are giving back almost all the gains. At this point, the 15-minute chart seems to have formed an extended ‘Bart’ pattern after dropping to $0.188 in a matter of minutes and trading sideways for the next few hours into the bull break.
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