XRP/USDT Long-Term Trend: Bullish
Key Resistance Levels: 1.7310, 1.7400, 1.7450
Key Support Levels: 1.5040, 1.3055, 1.1100
The price on the higher time frame is in a clear uptrend where it broke all daily resistances with the help of bullish candlesticks with big bodies. A correction might be seen before the continuation of the main trend.
XRP/USDT Medium-Term Trend: Bullish
On the 4-hr time frame, the price is trading inside a bullish channel formation. We expect a lower correction to a strong support that coincides with a 61.80% Fibonacci retracement level, and the lower end of this channel. This could cause a move upward again in the same direction of the main trend.
Buy Limit Order @ 1.5031
TP 1 @ 1.7322
TP 2 @ 1.7400
Stop Loss @ 1.3885
Trade Safely 🙂