Long

XRP - Trading Inside the channel - Pending Breakout

(1W CHART) Technical Analysis Update

XRP is currently trading at $0.57 and price is trading inside in the channel. Price got successfully bounced back from the support line and now trading near the resistance line, A clear breakout will confirm the bullish trend of the XRP. We can enter the long trade after the confirmed breakout.

Entry level: $ 0.7040 (Candle close above the channel
Stop Loss Level: $ 0.4158

TakeProfit 1: $ 0.8563
TakeProfit 2: $ 0.9925
TakeProfit 3: $ 1.1653
TakeProfit 4: $ 1.4356
TakeProfit 5: $1.8800

Max Leverage: 2x
Position Size: 1% of capital

Remember to set your stop loss.

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