Hello, community members welcome to this XRP/USDT HOURLY chart update by Domino crypto.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
As we can see from the above-mentioned chart that XRP/USDT is trading inside a channel pattern.
It bounced right from the lower trend line support after a sharp wick-off from $0.3900- $0.4008 which is almost 2.5% from the bottom.
After that XRP pumped almost 3% from the lower trend line at the price level of $0.4124and got rejected from that price level and again moved downside to the price level of $0.4000.
In the current scenario, XRP/USDT printing a bullish divergence on RSI.
Now I am expecting a bounce towards the upper trend line which is almost 8% from the current price level.
Here we can long XRP for short-term gain in upcoming hours.
INVALIDATION: candle close below the lower trend line support in the hourly time frame will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
As we can see from the above-mentioned chart that XRP/USDT is trading inside a channel pattern.
It bounced right from the lower trend line support after a sharp wick-off from $0.3900- $0.4008 which is almost 2.5% from the bottom.
After that XRP pumped almost 3% from the lower trend line at the price level of $0.4124and got rejected from that price level and again moved downside to the price level of $0.4000.
In the current scenario, XRP/USDT printing a bullish divergence on RSI.
Now I am expecting a bounce towards the upper trend line which is almost 8% from the current price level.
Here we can long XRP for short-term gain in upcoming hours.
INVALIDATION: candle close below the lower trend line support in the hourly time frame will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you.
