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FutureBlockchain
Mar 29, 2021 10:13 AM

XRPUSDT nearing a key resistance zone Long

XRP / TetherUSBinance

Description

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

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
Comments
Helical_Trades
Great job mate :D
keep up the good work 👌👏
FutureBlockchain
@Helical_Trades, Thank you for the kind words :)
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