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FieryTrading
Mar 28, 2023 1:52 PM

🔥 XRP Targeting Bear-Market Resistance After Massive Move Up Long

XRP / TetherUSBinance

Description

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In my most recent XRP analysis I talked about XRP and the seemingly great trend it was in. Both bullish targets got hit after a couple of days, congratulations if you took the trade.



XRP's next target is the main bear-market resistance, purple. It's highly likely that XRP will encounter a lot of selling pressure around that area, so be prepared for a potential pull-back.

If BTC will resume its bullish trend, I deem it highly likely that XRP will break out through the bear-market resistance in the near future. For now, the $0.53 - $0.55 area seems like a massive hurdle to get through, so it remains the main target for now.

Comment

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✅ Target area hit!
Comments
JoeChampion
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I agree, XRP should follow BTC and remains bullish!
gusccbb
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good TA, tks
CobraVanguard
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Professional work, I really like it
MonoCoinSignal
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Thanks for the useful advice!
SwallowPremium
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Brilliant! Keep going!!
SpartaBTC
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The price came to the resistance of the downtrend. A very important moment for further development.

The number of new XRP addresses has increased significantly.
DeGRAM
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Well done mate
RLinda
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Pretty detailed analysis. Thanks for your work, colleague!
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