XRP - Pending Breakout
#XRP/USDT #Analysis
Description
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SCENARIO-1
+ Sudden surge in the XRP price gave some hope for XRP price and currently trading around the resistance zone.
+ breakout from this resistance is essential for the continued bullish trend
+ If the breakout from this resistance confirmed then we can enter a LONG trade.
SCENARIO-2
+ If the price gets rejected from the resistance line then next support is around 0.45 range.
+ from this support we can expect a bounce back and eventual breakout from the resistance.
+ We have a short trade opportunity once we have confirmed rejection from the resistance line.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Description
---------------------------------------------------------------
SCENARIO-1
+ Sudden surge in the XRP price gave some hope for XRP price and currently trading around the resistance zone.
+ breakout from this resistance is essential for the continued bullish trend
+ If the breakout from this resistance confirmed then we can enter a LONG trade.
SCENARIO-2
+ If the price gets rejected from the resistance line then next support is around 0.45 range.
+ from this support we can expect a bounce back and eventual breakout from the resistance.
+ We have a short trade opportunity once we have confirmed rejection from the resistance line.
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Enhance. Trade. Grow
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
🖥 Website: vectoralgo.com/
✈️ Telegram: t.me/VectorAlgo
🕸 SocialMedia: linktr.ee/vectoralgo
Join for latest signals/updates/advice.
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