XRP - MarkUp Phase Started πŸ“Š

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

πŸ“Š After breaking above the 0.55 level mentioned in my previous idea, XRP exited the accumulation phase and entered the markup phase.

πŸ“ˆ For the bulls to maintain control, we need a break above the 0.7345 resistance highlighted in blue.

πŸ“‰ Meanwhile, XRP could still face rejection at the resistance, which can be confirmed on lower timeframes. In this scenario, a correction towards the 0.55 support level would be anticipated.

πŸ“š Always remember to follow your trading plan regarding entry, risk management, and trade management.

Good luck!

And always remember: All strategies are good if managed properly!

This analysis is done using RichTL

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