XRPUSDT Finance {Long position}I see a liquidity accumulation from below. I plan to witness its depletion and then, after the formation of a CT (change of trend), anticipate a long and confident upward movement towards the point of interest. Without the formation of a CT as shown on the chart, I will skip the trade and enter only on the reversal.
Low risk
Normal RR
Use 3-5% of deposit
XRPUSDT.P trade ideas
XRP/USDT: Cracking the Rising Wedge - Stay Alert!💎 Paradisers, zoom in on XRP/USDT on the 1-hour chart. It's sketching out a rising wedge pattern. At the moment, it's hovering near the demand zone and the supportive trendline, potentially ensnaring some traders.
💎 Historically, it's bounce back from supportive trendline about five times. This could hint at a robust foundation for XRP, making it a contender for long-term considerations. If XRP/USDT manages to take support, we're eyeing ascents to resistance points at 0.5648 and possibly 0.6177. However, a dip below the 0.4492 demand zone might signal a descent towards 0.41111 and 0.3588.
💎 Word on the street is that there's some XRP-related news circulating. It's crucial to keep these levels on your radar and stay nimble, ensuring you seize every opportunity. Navigate wisely, ParadiseSquad!
XRPUSDT Trade idea - Support and ResistanceRipple XRPUSDT Trade idea and support and resistance zone.
XRPUSDT is trading at 0.6836
XRPUSDT Support
Support Zone 1 - 0.5626
Support Zone 2 - 0.4800
XRPUSDT Resistance
Resistance Zone 1 - 0.7900
Resistance Zone 2 - 0.8293
One can start accumulating 30- 40% at Support 1 and rest at below levels.