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FieryTrading
Jan 31, 2021 9:58 AM

🔥 XRP/BTC Big Candles: Gains Ahead Long

XRP / BitcoinBinance

Description

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XRP has been losing a lot of ground since it got hit by SEC investigations. After several weeks of quietness, XRP seems to be coming out of hibernation.

Big candles like yesterday, especially on large cap coins, indicate a sudden move of trend. Since XRP has lost so much ground relatively to other large caps, XRP has the potential to regain a lot.

On the chart, I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.

Happy trading!
Comments
BigLava
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Nice clean setup!!!
FieryTrading
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@BigLava, 💪🔥
TheSignalyst
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well done!
FieryTrading
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@TheSignalyst, Thanks!
mohamedshoier8999
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All XRP's breakouts are double top. Did that before at 3.7. I hope it changes this pattern thought :)
FieryTrading
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@mohamedshoier8999, Im confident we're gonna see some bullish action following yesterday's candle
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