🔥Well, to start off XRP's been faring way better than a lot of the market has including Bitcoin with it's movement above that 0.30 resistance that we knew we'd have to deal with and managed to successfully pull off. For those of you that already know me and keep up to date daily you know about that decision channel and the fact that it's pretty crucial and important when it comes to our trading movements based on whether or not we fall below or move above it, stay above or vice versa it play's it's part.
🔥Right now we mainly wanna see support hold above that decision channel and avoid falling below it since should we do that it'll definitely be a bit tougher getting back up and right now we've oscillated from that 0.316 point to that resistance of 0.338 which is gonna have to be broken should we wanna push back of course but it's important to note that we got rejected almost at the same exact point there so that's looking to be a possible real resistance point as we've already seen. Anyway we basically just need to break that as always to continue.
🔥Before I end this idea and post for you guys later we're basically just wanna avoid falling below that decision channel and we'll need to see support kick and push us up to break that 0.338 resistance. And most importantly, we wanna keep above that 200 EMA line and hold it strong as always! The longer we're above it the better we'll likely fare and should we fall below it you best hold to your belts and get ready for a ton of volatility!
🔥Wishing everybody the best as always, if you'd like to leave a like or follow it'd be much appreciated, simply doing what I can for you guys as always, so thank you for tuning in and taking the time to read this, I really do appreciate it. None of this is financial advise and is simply my take on things but always do your own proper DD and trade responsibly most importantly!
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