XRP / TetherUSUpdated Price rebound
On a daily chart XRP has reached a point where several potential scenarios can unfold.
Possible Resistance Scenarios:
One significant scenario is that if the price can stabilize above $0.645, there is a possibility of growth up to $0.7. This indicates the strong resistance of this level, which, if broken, can pave the way for price growth.
Possible Support Scenarios:
The key support levels for this pair are at $0.585 and $0.54. These support levels can act as safe entry steps and prevent further price declines. If the price reaches these levels and the supports hold, there is a possibility of a price rebound and growth.
Possible Resistance Scenarios:
One significant scenario is that if the price can stabilize above $0.645, there is a possibility of growth up to $0.7. This indicates the strong resistance of this level, which, if broken, can pave the way for price growth.
Possible Support Scenarios:
The key support levels for this pair are at $0.585 and $0.54. These support levels can act as safe entry steps and prevent further price declines. If the price reaches these levels and the supports hold, there is a possibility of a price rebound and growth.
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Price rejected by the dynamic resistance.Trade active
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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.