Hi friends, hope you are well, and welcome to the new update on XRP.
Big triangle:
On a weekly time frame, XRP is bounced by the support of a big symmetrical triangle. There is also a strong support of 100 simple moving average below the support of triangle.
Broke out the channel:
On a daily time frame, XRP has broken out a down channel. Now it is testing a strong support zone from $0.85 to $0.75. While trading this channel, we can also use $0.75 as stop loss as well. After this breakout there is a high probability that soon XRP will also break out a big triangle on the weekly time frame.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Big triangle:
On a weekly time frame, XRP is bounced by the support of a big symmetrical triangle. There is also a strong support of 100 simple moving average below the support of triangle.
Broke out the channel:
On a daily time frame, XRP has broken out a down channel. Now it is testing a strong support zone from $0.85 to $0.75. While trading this channel, we can also use $0.75 as stop loss as well. After this breakout there is a high probability that soon XRP will also break out a big triangle on the weekly time frame.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade