XRP - Wait For The Bulls 💪

14 בספט׳ 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

on Weekly: Left Chart
XRP has been overall bullish from a long-term perspective trading inside the rising wedge pattern and it is currently sitting around the lower bound / blue trendline.

Moreover, the zone 0.5 is a strong support and supply zone.

🏹 Hence, XRP is sitting around a strong area to look for buy setups as it is the intersection of the green supply and lower blue trendline.

on H4: Right Chart
XRP has been stuck inside a range.

For the bulls to take over short-term, we need a momentum candle close above the last minor high in red.

Meanwhile, until the bulls take over, XRP would be stuck inside a range while completing the inverse head and shoulders pattern before breaking the neckline.

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

Good luck!

And always remember: All strategies are good if managed properly!
~Rich