XRP has seen some strong bullish candles over the last couple of hours. At the moment, XRP is on the verge of breaking out of the channel, potentially signaling a new bullish trend.
Before entering this trade I'd advise waiting for confirmation of a break out. Higher time frames yield a higher predicting power.
In case of the price failing to break out, expect XRP to fall down to the lower support line of the channel.
In case of a legitimate break out I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
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