XRP - Wait For It 🏹

Hello TradingView Family / Fellow Traders,

XRP has been overall bearish trading inside the falling channel in red.

However it is currently approaching the lower bound of the channel and a strong support at 0.54.

📈 As long as the support holds, we will be looking for short-term buy setups on lower timeframes.

🏹 For the bulls to take over from a medium-term perspective, we need a break above the last major high at 0.625.

📉 If the 0.54 support is broken downward, we will expect further bearish movement till the 0.5 support where we will be looking for new short-term buy setups.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr