#XRP/USDT
Daily
Examining the daily time frame, a very important support is in the range of $ 0.57, and if the price penetrates and stabilizes below this range, it will deepen the current correction wave.
In case of loss of this support, the price correction is expected to continue up to about $ 0.37 and the duration of this correction will be slightly longer than other market currencies.
Daily
Examining the daily time frame, a very important support is in the range of $ 0.57, and if the price penetrates and stabilizes below this range, it will deepen the current correction wave.
In case of loss of this support, the price correction is expected to continue up to about $ 0.37 and the duration of this correction will be slightly longer than other market currencies.
Note
4 hours
Looking at the 4-hour timeframe, the range of $ 0.57 is currently the most important support for this currency, and considering the current market conditions, it can start a short move towards $ 0.81
As long as the price is below $ 0.81, the continuation of the uptrend in the medium and long term will not be confirmed
Given the above, the appropriate strategy for deciding on #XRP currency is as follows
Considering the $ 0.81 range as the range limit, buying this currency will be risky as long as the price is below this range.
If you bought this currency at lower prices or already have it in your basket, you can keep $ 0.56 with a loss limit.
If in the coming days the price moves towards the mentioned resistance and reaches the resistance range or short-term ceiling, you can temporarily leave it.
Confirmation of price stabilization above resistance is the closing of at least one full daily candlestick
If the correction corrected on the purchase chart is completed, this currency is suitable for different time periods
Good luck
Cryptoclub Analytical Team
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.