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XRP/USDT Potential Upward Movement

XRP/USDT Long-Term Trend: Bullish

Key Resistance Levels: 1.9064, 1.9668, 2.0000

Key Support Levels: 1.6429, 1.5016, 1.3271

Daily Chart:

The price on the higher time frame managed to break the bullish flag formation to the upside, by posting a big engulfing bullish candlestick. This led to an aggressive high buy pressure and a break of the1.6429 USDT mark. Further upside movement could be seen toward the 1.9064 USDT mark.

XRP/USDT Medium-Term Trend: Bullish

1-hour Chart:

On the 1-hr time frame, the price is trading inside a bullish channel formation where it posted a correction count to the 1.6429 USDT level. we expect further movement to the upside toward our designated target profit.

Signal Idea:

Buy Limit Order @ 1.6454

TP 1 @ 1.9052

TP 2 @ 1.9668

Stop Loss @ 1.5589

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.

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