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Maximilian_FX
Mar 26, 2024 6:21 AM

XRPUSDT: Bulls continue to dominate Long

XRP / TetherUSBinance

Description

Hello everyone, this is my perspective on XRPUSDT

XRPUSDT continues to trade in an upward trend, it experienced a significant price increase yesterday with an increase above the 0.6350 level. It is currently trading at a new high of 0.6451, after touching 0.6631, marking a 0.69% gain on the day.

The H1 setup, shows strong support around 0.6400-0.6350 (where the active 34.89 EMA reinforces the outlook and reaches the limit of the upward channel). At the same time, the ascending trend line has not been breached yet. Therefore, the Strategy is to maintain long positions until the market successfully breaks the resistance at 0.6630.

What is your move with XRPUSDT, will you buy or sell?

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Comments
MyCryptoParadise_Nathan
Great work on breaking down the complex aspects of the market. Really helpful!
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