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FieryTrading
Sep 15, 2021 7:57 PM

🔥 XRP Channel Bounce: Back To Resistance Long

XRP / TetherUSBinance

Description

Since a month or so, XRP has been trading inside a horizontal channel. Nothing spectacular is happening, really.

As of today, BTC has confirmed the bullish direction in which it has been trading for around three days now. XRP, however, seems to be lagging BTC at the moment.

XRP still has to see a high time frame close above the $1.14 area in order to break the bearish trend. Assuming that XRP will follow the rest of the market, I'd argue that XRP will see some bullish price action in the next 48 hours or so.

Target is the area between $1.32 - $1.40, potentially breaking out of this 1-month horizontal channel in the near future.

Happy trading!
Comments
Sobhan_23
Bravo 🍾
PolarHusk
Nice potential upside scenario if XRP bulls can send follow-through. thanks for sharing this up.
AlanSantana
This one also... The spammers are taking over Trading View.

Notice the comments section.
The same group posting spam comments just to push the articles higher.

You can check the articles and see the same group of names with robotic comments.

It is very damaging for the whole community.
MMBTtrader
good job here and thanks for sharing it
such amazing work bro!!
ForexTrendline
waiting on that breakout! Good job!
watchtrend
Good long term content, nice
TheSignalyst
Yes agree brother
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