After Surging 15% in 5 Days, XRP Prints Textbook Sell Signal

XRP has actually been one of the best performing cryptocurrencies of the past few days. The asset is up by approximately 15% in the past five days (from lows to the recent high set a few hours ago as of this article’s writing). Some analysts believe that the altcoin is undergoing a macro breakout. One went as far as to say that the asset looks similar to how it did at the start of 2017’s parabolic rally. A textbook indicator begs to differ, suggests that XRP will undergo a retracement in the days ahead. XRP Prints Textbook Sell Signal After Surge XRP’s rally has been impressive, to say the least. Multiple notable cryptocurrency analysts and traders have taken notice of it, arguing that it’s the start of a greater bull run. But according to the Tom Demark Sequential, this is unlikely to be the case, at least for the time…

Read the original article here