XRPUSDT is strengthening. The coin is setting up for a possible renewal of the global high, but at the same time, there are no prerequisites for a price exit from the channel right now. 
The price is testing the moving averages. After a false breakout or touch, there is a strong bullish reaction.
XRPUSDT continues to recover. A "Flag" pattern is forming on H1. There is a possibility of further growth The price obtains a local uptrend line support, which is contiguous with the SMA-200, which only strengthens the line.
Consolidation between the levels 0.5078-0.5590 is forming. In the near future the price may test the resistance.
Strong support: 0.5078, moving averages
Strong resistance: 0.5590, channel resistance.
Weekly timeframe shows that the price overcame the strong resistance and the realization of the accumulated liquidity is expected in the nearest future.
I stick to the opinion, that we will go up to 0.5590 and to the channel resistance.
Regards R. Linda!
Trade closed: target reached
+100%
Ripple's sale of XRP is not an offering of investment contracts - judge
Ripple has won a ruling that XRP is not a security, a judge has also ruled that Ripple's institutional sales of XRP are securities.
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.