XRPUSDT nearing a key resistance zone
Hi all,
XRP is looking quite interesting recently, now nearing its first serious area of resistance on the daily chart since it started moving upwards a few weeks back.
If we see a break above the $0.57-$0.60 zone we could expect another run up to the YTD high, which is located at 32% from where the price is situated now and 25% from the upper boundary of the resistance zone.
A 4-hour candle close above $0.59 can be our trigger
Regards
XRP is looking quite interesting recently, now nearing its first serious area of resistance on the daily chart since it started moving upwards a few weeks back.
If we see a break above the $0.57-$0.60 zone we could expect another run up to the YTD high, which is located at 32% from where the price is situated now and 25% from the upper boundary of the resistance zone.
A 4-hour candle close above $0.59 can be our trigger
Regards
Comment:
For now, bulls are getting rejected right at the $0.59 level, so I'm still not opening any longs here. In such cases it's better to just put a Trading View alert there when the price crosses the target area and then just wait for the proper candle closure.
Comment:
XRP once again tested the resistance area. I think it is just a matter of time before it breaks it
Comment:
OK, here we go. The break is a fact
Comment:
Target almost reached