XRP - Rainbow After The Storm 🌪🌈

Hello TradingView Family / Fellow Traders,

📉 XRP has been overall bearish trading inside the falling channel in red.

However it is currently hovering the lower bound of the channel and a strong support at 0.5.

As long as the support 0.465 holds, we will be looking for short-term buy setups on lower timeframes.

📈 For the bulls to take over from a short-term perspective, we need a break above the last minor high at 0.55.

🏹 And then for the bulls remain in control and take over from a medium-term perspective, we need a break above the upper red trendline and last major high at 0.6.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

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