XRP/USDT Long-Term Trend: Bearish
Key Resistance Levels: 1.1187, 1.1774, 1.4936
Key Support Levels: 0.7612, 0.3727, 0.2075
The price on the higher time frame was trading to the upside where a reversal occurred and changed the direction of the main trend to the downside. Also, lower lows and highs has been noticed which confirms that we are in a clear downward movement.
XRP/USDT Medium-Term Trend: Bearish
On the 4-hr time frame, the price is bouncing inside a bearish channel formation where we expect another test of the resistance level around the 1.1187 USDT which could lead to a rejection by this level and then move downward in the same direction of the main trend.
Sell Limit Order @ 1.1038
TP 1 @ 0.7728
TP 2 @ 0.7612
Stop Loss @ 1.2645
Trade Safely 🙂