XRP - Long-Term View!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

XRP has been overall bearish trading inside the falling brown channel.

We are currently retesting the upper brown trendline and 0.55-0.6 resistance zone.

For the bulls to take full control, and expect a long-term bullish movement, we need a weekly candle close above 0.6

Meanwhile, the bears can kick in for one more bearish movement inside the channel before the breakout upward.

Which scenario do you think is more probable and why?

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich