Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
XRP has been overall bearish trading inside the falling brown channel.
XRP is currently rejecting a strong weekly support 0.30 so we will be looking for buy setups.
🏹 Long-Term: Left Chart For the bulls to over from a long-term perspective, we need a weekly candle close above 0.6 which would be breaking both the last major high and upper brown trendline.
📉 Medium-Term: Right Chart For the bulls to over from a medium-term perspective, we need a daily candle close above the orange zone 0.420. And as price approaches the 0.320 support we will be looking for short-term buy setups.
Which scenario do you think is more probable and why?
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich