XRP/USDT Long-Term Trend: Bullish
Key Resistance Levels: 1.9064, 1.9668, 2.0000
Key Support Levels: 1.6429, 1.5016, 1.3271
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
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.
Buy Limit Order @ 1.6454
TP 1 @ 1.9052
TP 2 @ 1.9668
Stop Loss @ 1.5589
Trade Safely 🙂