XRP: Channel Down Breakout
Ripple (XRP) technical analysis:
Trade setup: Bullish breakout from Channel Down, above $0.45, which could signal resumption of Uptrend with upside potential to $0.55.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.40, then $0.32. The nearest Resistance Zone is $0.45, which it broke, then $0.55, and $0.60.
Trade setup: Bullish breakout from Channel Down, above $0.45, which could signal resumption of Uptrend with upside potential to $0.55.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.40, then $0.32. The nearest Resistance Zone is $0.45, which it broke, then $0.55, and $0.60.
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