Breaking News

XRP/USDT Potential Upward Movement

XRP/USDT Long-Term Trend: Bullish

Key Resistance Levels: 1.7310, 1.7400, 1.7450

Key Support Levels: 1.5040, 1.3055, 1.1100

Daily Chart:

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

4-hour Chart:

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.

Signal Idea:

Buy Limit Order @ 1.5031

TP 1 @ 1.7322

TP 2 @ 1.7400

Stop Loss @ 1.3885

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.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!