XRP/USDT's Rising Wedge: Trade Alert for Potential Gains or Dips


๐Ÿ’Ž Paradisers, let's zoom into XRP/USDT. The asset has been tracing a rising wedge pattern for a while, adhering to both resistive and supportive trendlines. Interestingly, it's played a couple of traps during this phase and is currently hovering near the supportive trendline.

๐Ÿ’Ž If we witness an upward momentum from this point, potential bullish targets could be set at resistance markers of 1.344 and 1.374. On the flip side, a bearish scenario would need a dip below the demand zone at 1.231. If this breakdown occur, our sights would be set on the subsequent demand zones at 1.156 and 1.101.

๐Ÿ’ŽTrade with caution and stay informed, ParadiseSquad!

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