XRP broke its range and rallied hard ever since.
Now facing resistance at $0.50 level. Break that and we have a runner.
But let's not get ahead of ourselves, this is a major resistance level, won't go down without a fight and looking at the macro... XRP is an outlier.
Unless the bankers are planning to FOMO into XRP or some central bank will use Ripple for its CBDC, don't see this lasting too long in the current context.
Regardless of what I think, the chart is bullish, so trade accordingly, but don't FOMO below major resistance. You will get REKT.
Like and follow if you liked this idea!
Now facing resistance at $0.50 level. Break that and we have a runner.
But let's not get ahead of ourselves, this is a major resistance level, won't go down without a fight and looking at the macro... XRP is an outlier.
Unless the bankers are planning to FOMO into XRP or some central bank will use Ripple for its CBDC, don't see this lasting too long in the current context.
Regardless of what I think, the chart is bullish, so trade accordingly, but don't FOMO below major resistance. You will get REKT.
Like and follow if you liked this idea!
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š£ Find more Alpha by joining Your Crypto Community š° LINKs BELOW š°
š¹ Over 5,000 members!
š¹ Real trades & wins explained
š¹ Trading ideas, crypto trends & alpha
Likes and follows appreciated! š
š¹ Over 5,000 members!
š¹ Real trades & wins explained
š¹ Trading ideas, crypto trends & alpha
Likes and follows appreciated! š
Related publications
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.