XRP - Two Longs on the Horizon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Medium-Term: XRP broke below the $2 support zone last week, shifting the momentum from bullish to bearish.
📍 As it retests the lower bound of the channel — which perfectly intersects with the orange demand zone and the $1.5 round number — I’ll be looking for short-term longs.
🚀 For the bulls to take over in the long term and kick off the next bullish phase, a breakout above the red structure at $2.15 is needed.
Which scenario do you think will happen first — and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
