XRP Respecting 1.50 Resistance As Support Long

XRP / TetherUSBinance

Description

⋅ May 4, 2021 12:53 AM

Back on April 30, 2018 XRP had a massive resistance point of peaking out at a $1.50 for the weekly time frame

When drawing this zone we can clearly see that XRP is holding at a $1.50 very strong with multiple wicks testing that area as support.

The weekly time frame shows that XRP broke past the zone confirming the bull run is about to take affect.

Time charts used
Weekly - For the zone & break out
1 hour for the support confirmation

Support and Resistance Supply and Demand

Comments

ratribiana

⋅ May 4, 2021 2:33 AM

It broke the 1.5 and 1.39. What do you think will be the direction now?

WolfProfits

⋅ May 5, 2021 1:52 AM

@ratribiana, a bunch of xrp has been sold which technical analysis will not reveal.

They are saying a possible settlement on May 6th and if you look at DOGEUSDT on the daily chart they are moving very similar. Meaning this is still a bullish move towards the ATH