XrpUsd - Rally back to previous resistance (+100%)?

٧ يونيو ٢٠٢٤

XRPUSD is one of the most interesting cryptocurrencies for potential setups in the near future.



For a couple of years now, XrpUsd has been trading in a symmetrical triangle trading pattern. Always when XrpUsd retested support in the past, we simply saw a very nice rejection away towards the upside. And as we are speaking, XrpUsd is once again retesting such a confluence of support from which we could see a rally towards the upside. Target is the previous resistance of the triangle pattern.

Levels to watch: $0.491, $0.911

Keep your long term vision,
Philip - BasicTrading

١٧ يونيو ٢٠٢٤

ملاحظة

Quick update on XRP:

Consolidation for 1.5 years. This simply means that there is a lot of indecision in XRP. But once there will be a major move, everybody will follow this direction. XRP is retesting support, so the next major move will be higher!

Levels to watch: $0.517, $0.898

٢٨ يونيو ٢٠٢٤

ملاحظة

Quick update on XRP:

It is a "now or never" situation on XRPUSD. Will we see a bullish rejection towards the upside soon or will XRPUSD actually break the triangle towards the upside. I prefer the bullish scenario, but will definitely take an objective look at it.

Levels to watch: $0.474