Good Day Traders! Today we will take a closer look on XRPUSDT as it shows significant strength for these past 2-3 days.
XRPUSDT managed to broke out the bearish trendline formed on the previous market crash. The volume and price action looks solid and ready to push price further up. On another point of view, we can see that it also managed to broke the ascending triangle resistance and successfully formed a strong bullish trendline.
Be mindful that a correction is extremely likely to happen as it is nearing its resistance cluster. The roadmap are shown on the chart above
Conclusion: Find an opportunity to take a LONG position whenever it approaches the newly formed trendline
XRPUSDT managed to broke out the bearish trendline formed on the previous market crash. The volume and price action looks solid and ready to push price further up. On another point of view, we can see that it also managed to broke the ascending triangle resistance and successfully formed a strong bullish trendline.
Be mindful that a correction is extremely likely to happen as it is nearing its resistance cluster. The roadmap are shown on the chart above
Conclusion: Find an opportunity to take a LONG position whenever it approaches the newly formed trendline