BINANCE:XRPUSDT.P   XRP / TetherUS PERPETUAL CONTRACT

XRP daily got a beautiful upper trendline with 4 touches - pretty serious and make it same good as horizontal zones. In case of breakout it will cause a strong bullish impulse.

Support at 5400-5700 also very strong - moderate chances for bounce since it will be only second test and guaranteed strong bearish impulse in case of break down that should take price down to 4000-4200.

Looking for falling wedge breakout opportunity with nearest target at 0.85

P.S. Maybe breakout will come earlier. Only higher timeframes are against it. Smaller TF might give it a chance.


FREE telegram channels:
Crypto reviews - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.