TradingView
FieryTrading
Jan 12, 2021 12:26 PM

XRP/USDT Large Bullish Triangle Long

XRP / TetherUSBinance

Description

XRP is regaining ground pretty quickly after last week's sell-off. The pair found a strong resistance around $0.27, drawing a nice bullish triangle on the chart.

The next resistance is based around the upper resistance line of the triangle. The price will either bounce off that line or will go straight through it. If bullish sentiment picks up again, we could see XRP reaching past $0.40 in the near future. For now, R1 and R2 are great potential targets. Happy trading!
Comments
TheSignalyst
I also agree. This one is overall bullish. Good one
pluckyMaster60299
@TheSignalyst, nice to realise that the opinions of already two experts coincide. I am only a passive follower )
More