Market Overview:
XRPUSD is bouncing from strong support at $0.502, signaling demand in that zone.
Since the July lows, XRP has formed higher-lows and higher-highs, indicating building bullish momentum within an upward channel.
Key Levels to Watch:
Support: $0.502 (recent bounce) and swing low for potential stop loss placement.
Resistance: $0.65, with potential for further upside if convincingly breached.
Outlook:
XRP's shallow pullback from the $0.65 resistance and the holding of key support levels suggest underlying strength. If $0.65 is broken, the bullish case strengthens, with room for more gains.
#XRP #CryptoTrading #PriceAnalysis #SupportAndResistance #BullishMomentum
XRPUSD is bouncing from strong support at $0.502, signaling demand in that zone.
Since the July lows, XRP has formed higher-lows and higher-highs, indicating building bullish momentum within an upward channel.
Key Levels to Watch:
Support: $0.502 (recent bounce) and swing low for potential stop loss placement.
Resistance: $0.65, with potential for further upside if convincingly breached.
Outlook:
XRP's shallow pullback from the $0.65 resistance and the holding of key support levels suggest underlying strength. If $0.65 is broken, the bullish case strengthens, with room for more gains.
#XRP #CryptoTrading #PriceAnalysis #SupportAndResistance #BullishMomentum
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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.
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.