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XRPUSD Signal Analysis.

XRPUSD trade scanner signal was generated near the blue arrow. The trade was worth a small profit before momentum turned the opposite way. Here are some extra points to consider for this idea: The .5900 area (blue line) is an old support / new resistance. IF bearish momentum is going to persist, price should NOT retest this level. Since the break of the .5900 level, price has been consolidating. While the near term trend can be considered bearish, momentum is conflicted possibly because of strength in Bitcoin (the leader). Which may also explain this hesitation to take out lows. For this reason, XRP is gong to be a tough trade because while it may be relatively weak, it is fighting the bullish momentum of Bitcoin. It is probability a better idea to consider signals that are in line with the sector leader, not against it. Consider this is high risk signal.

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