DU09

XRP/USD - Approaching resistance at $0.65 can we pump beyond?

Long
XRP is quickly approaching the resistance at $0.65. This level has pushes us down 6 times so far, will it happen again?

Best to not gamble and have some sell orders around $0.65 area in case we get another rejection to support. If we manage to pass this resistance, then I see XRP pumping nicely to $1 which may bring some FOMO into this coin.

For now the indicators look very healthy and bullish with MACD and RSI moving higher nicely. Good.

If you are in a long position hold until we reach resistance and re-assess. A break of resistance with volume may provide a good long opportunity, but watch for fake-outs, XRP is famous for these.

Like and follow if you liked this idea! Also join my crypto community to stay in touch!

📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰

🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha

Likes and follows appreciated! 🚀
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.