XRP: Channel Down Breakout
Ripple (XRP) technical analysis:
Trade setup: Bullish breakout from Channel Down, above $0.45, which could signal resumption of Uptrend with upside potential to $0.55.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.40, then $0.32. The nearest Resistance Zone is $0.45, which it broke, then $0.55, and $0.60.
Trade setup: Bullish breakout from Channel Down, above $0.45, which could signal resumption of Uptrend with upside potential to $0.55.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.40, then $0.32. The nearest Resistance Zone is $0.45, which it broke, then $0.55, and $0.60.
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.