#XRP is trading a red 2 according to the TD Sequential trading method.
If the price goes below the wick of last week’s candle (R7.20) a longer-term sell signal will be activated and more downside can be expected. From a bullish perspective, the shape of last week’s candle can be seen as a positive with a wick to the bottom longer than the body of the candle.
What is also important is that XRP seems to have found support on the 78.6% Fibonacci retracement and the RSI is now in a neutral position. The S&P 500 is trading at all-time highs, showing that overall there is still confidence in the markets.