XRP / TetherUSUpdated XRPUSDT today
XRP/USDT is currently trading within an ascending triangle pattern, showing strength as it moves towards a crucial resistance zone around $0.74. This resistance level has acted as a barrier on multiple occasions, but a breakout above this zone could signal a strong bullish continuation.
Technical analysis suggests that the upward trendline support, combined with steady higher lows, indicates buying pressure is building. If XRP/USDT manages to break above $0.74 with strong volume, it could trigger a sharp rally, potentially targeting higher levels. However, failure to breach this resistance might lead to a consolidation phase near the trendline support.
Technical analysis suggests that the upward trendline support, combined with steady higher lows, indicates buying pressure is building. If XRP/USDT manages to break above $0.74 with strong volume, it could trigger a sharp rally, potentially targeting higher levels. However, failure to breach this resistance might lead to a consolidation phase near the trendline support.
Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.