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XRP - Critical Zone 👀
Ripple/Tether
XRP - Critical Zone 👀
By TheSignalyst
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Jun 5, 2023
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Jun 5, 2023
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
XRP has been stuck inside a big range
between our 0.3 support and 0.6 resistance.
📈
For the bulls to take over from a MACRO perspective
, we need a weekly candle close above 0.6
In this case, a movement till the 1.0 resistance would be expected.
📉
Meanwhile
, 0.6 zone is acting as a resistance, hence if we break below 0.5 , we will expect further bearish movement.
Which scenario is more likely to happen next? and why?
📚
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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