XRP - Range Support Coming Into Focus

XRP is approaching the lower bound of its trading range, an area where buyers have repeatedly stepped in to defend price. 📊

📌 As long as this lower boundary continues to hold, we will be looking for trend-following long setups.

This support zone represents an important decision area where the current correction could come to an end and the next bullish leg may begin. However, rather than anticipating the bounce, we will wait for price action to confirm that buyers are defending the support before considering any positions.

Will buyers defend the lower bound of the range once again, or will sellers finally force a breakdown? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr