XRP is showing a potentially significant long-term bullish reversal structure on the daily timeframe.
The decline from the previous major high gradually transitioned into a long period of sideways accumulation.
Instead of continuing to make aggressive lower lows, XRP spent several months building a base around $1.00–$1.50.
The grey horizontal zone between roughly $2.00 and $2.20 is the most important resistance area on this chart
The decline from the previous major high gradually transitioned into a long period of sideways accumulation.
Instead of continuing to make aggressive lower lows, XRP spent several months building a base around $1.00–$1.50.
The grey horizontal zone between roughly $2.00 and $2.20 is the most important resistance area on this chart
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.