XRP/USDTPERP Long-Term Trend: Bullish
Key Resistance Levels: 1.09122, 1.22495, 1.23000
Key Support Levels: 0.92790, 0.79435, 0.79400
The price on the higher time frame posted a double bottom near a strong daily support which led to a reversal and a move higher. The price succeeded to break a relevant resistance around the 0.92790 USDT level with a huge big bodied bullish bar signaling that the buyers are in control.
XRP/USDTPERP Medium-Term Trend: Bullish
On the lower time frame, the price is traded inside a bullish flag formation where it might complete the bullish head and shoulders with a right leg near the area of confluence. This zone is made by a strong support and the 61.80% Fibonacci retracement which could lead to a move higher toward the target profit.
Buy Limit Order @ 0.992100
TP 1 @ 1.088275
TP 2 @ 1.091220
Stop Loss @ 0.960225
Trade Safely 🙂