XRP/USDT Price Long-Term: Bearish
Key Resistance Levels: 0.4874, 0.5726, 0.6387
Key Support Levels: 0.3672, 0.2492, 0.2150
On the daily time frame, the price is ranging between two strong key levels the 0.6387 and 0.3672 USDT. The resistance had enough power to push the price downward from the 0.6387 USDT mark. Currently we can notice that the coin is forming a correction around the 0.4874 USDT Level.
XRP/USDT Medium-Term Trend: Bearish
On the 4-hr time frame, the price is struggling around the strong resistance (0.4874), where the price failed to break it to the upside. A double top has been formed signaling a potential reversal and a move to the downside. Our expectation now, is a bearish impulse toward the 0.4121 mark.
Sell Limit Order @ 0.4673
TP 1 @ 0.4121
TP 2 @ 0.3672
Stop Loss @ 0.4908
Trade Safely 🙂