XRP has been trading bullish for the majority of 2023, continuously trading alongside a diagonal support.
As of last week, XRP has yet again retested the support line and is currently reversing. My assumption is that this support will hold for the coming months.
For an optimal risk-reward I'm targeting 0.7, but you can also take partial profits around 0.55 in case you want to play it more safe. Stop below the recent swing low.
As of last week, XRP has yet again retested the support line and is currently reversing. My assumption is that this support will hold for the coming months.
For an optimal risk-reward I'm targeting 0.7, but you can also take partial profits around 0.55 in case you want to play it more safe. Stop below the recent swing low.
Note
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Disclaimer
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.