XRP (XRP) - June 1

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(XRPUSDT 1M Chart)
Below 0.4542-0.5486 section: There is a possibility that it is a mid- to long-term investment area.


(1W chart)
The key is whether it can climb above the 0.4542-0.5486 section.

In particular, you should also check to see if you can break out of the oversold zone of the RSI.


(1D chart)
In the short-term and medium-term perspective, it needs to move above 0.4542 to turn into an uptrend.

However, since the 0.4542-0.5486 section is an important support and resistance section, it is important to confirm that it is supported by rising above 0.5486.

Below 0.2829 is most likely a long-term investment area, so trade cautiously.

(buy)
- After confirming the support at 0.4542

(Stop Loss)
- When it falls below 0.4228 and receives resistance
- When it falls below 0.3420

(Sell)
- When receiving resistance near 0.5486
- When receiving resistance near 0.7251


(buy)
- After confirming the support at 0.5486

(Stop Loss)
- When it falls below 0.5130 and receives resistance
- When it falls below 0.4542

(Sell)
- When receiving resistance near 0.7251
- When receiving resistance near 1.0409


A move above 0.8731 is expected to lead to a surge.
Accordingly, there is a possibility of occurrence of whipsaw.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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