XRPUSDT is strengthening. The coin is setting up for a possible renewal of the global high, but at the same time, there are no prerequisites for a price exit from the channel right now.
The price is testing the moving averages. After a false breakout or touch, there is a strong bullish reaction. XRPUSDT continues to recover. A "Flag" pattern is forming on H1. There is a possibility of further growth
The price obtains a local uptrend line support, which is contiguous with the SMA-200, which only strengthens the line. Consolidation between the levels 0.5078-0.5590 is forming. In the near future the price may test the resistance.
Strong support: 0.5078, moving averages Strong resistance: 0.5590, channel resistance. Weekly timeframe shows that the price overcame the strong resistance and the realization of the accumulated liquidity is expected in the nearest future. I stick to the opinion, that we will go up to 0.5590 and to the channel resistance.
Regards R. Linda!
Trade closed: target reached
+100%
Ripple's sale of XRP is not an offering of investment contracts - judge
Ripple has won a ruling that XRP is not a security, a judge has also ruled that Ripple's institutional sales of XRP are securities.
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