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XRP/USDT Potential Upward Movement

XRP/USDT Long-Term Trend: Bullish

Key Resistance Levels: 1.9714, 2.0000, 2.5000

Key Support Levels: 1.4962, 0.7761, 0.2175

Daily Chart:

The price on the higher time frame is trending to the upside by posting higher lows and highs and it showed a parabolic move. It’s a clear uptrend with small retracements. A lower correction might be expected before the continuation of the main trend.

XRP/USDT Medium-Term Trend: Bullish

4-hour Chart:

On the 4-hr time frame, the price is trading inside an expanding wedge formation where we expect the price to retrace to the area of confluence which is made of a support, lower end of the wedge, and the 61.80% Fibonacci retracement level. This retracement could lead to a move upward to the 1.9390 USDT mark.

Signal Idea:

Buy Limit Order @ 1.5835

TP 1 @ 1.9390

TP 2 @ 2.0000

Stop Loss @ 1.4058

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

3 comments

  1. Rocco van der Veer

    I can’t place this one for some reason?

  2. VIP 1 signal free group got 3 signal nice

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