XRP / USDTLong
XRP at Crucial Trendline Support: Bounce or Breakdown Ahead?
XRP is currently holding at a key trendline support within an ascending channel. This level has acted as strong support in the past, and if it holds, we could see a potential bounce.
Support Zone: XRP is testing the lower trendline support, aligning with the 200 EMA.
Potential Rebound: If price holds this level, we may see a bounce towards the next resistance at $2.71 (0.236 Fib level).
Breakdown Risk: A breakdown below this trendline support could trigger further downside, targeting the $1.95 zone.
Monitoring how XRP reacts at this support will be crucial for the next move.
#XRP #Crypto
Support Zone: XRP is testing the lower trendline support, aligning with the 200 EMA.
Potential Rebound: If price holds this level, we may see a bounce towards the next resistance at $2.71 (0.236 Fib level).
Breakdown Risk: A breakdown below this trendline support could trigger further downside, targeting the $1.95 zone.
Monitoring how XRP reacts at this support will be crucial for the next move.
#XRP #Crypto
Register on Blofin and trade with me: bit.ly/Mojo1000
Free TG Daily Futures Signals: bit.ly/CRYPTOMOJO_TA-TG
Free TG Daily Futures Signals: bit.ly/CRYPTOMOJO_TA-TG
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.
Register on Blofin and trade with me: bit.ly/Mojo1000
Free TG Daily Futures Signals: bit.ly/CRYPTOMOJO_TA-TG
Free TG Daily Futures Signals: bit.ly/CRYPTOMOJO_TA-TG
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.