Ripple(XRP): Inside Bullish Trend!

Ripple is still trading and bouncing inside the bullish trend here. We recently had a nice liquidity movement to lower zones, which is currently showing some kind of recovery.

We, as always, are looking for potential good zones to enter with positions both long and short!! Waiting for confirmation before entering

注释

XRP has had a nice bounce from the lower trend line, but 200EMA has been holding the ground pretty well as of now.

Alto, we are looking for more bullish movement here to the upper zones. There is a chance of seeing a breakdown from the current zones, which would mean that we will be looking at an early short position.

注释

Although we are on a perfect bullish trend path, XRP is struggling to bounce from the lower side of the trend.

We are monitoring closely the current market price, as if we see any further weakness here, we may see an attempt to exit the bullish trend and potentially go for some downward movement!!

注释

XRP has finally had a decent push, which resulted in a nice, humble 10% of market price movement.

We are monitoring closely for any quick spikes here which could lead to a potential movement to that upper line of trend (which would be perfect zone to short)

注释

The price of XRP showed some nice upward bounce from the trend but eventually showed a rejection near 100EMA and got pushed back where the idea got stopped as well.

SwallowAcademy

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t.me/+fiEDSn7M9pJkODA0

🌎 Website:
swallowteam.com/

🚨Years on charts build the habit of sensing psychological market direction. So far working :)

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SwallowAcademy

💎 Telegram:
t.me/+fiEDSn7M9pJkODA0

🌎 Website:
swallowteam.com/

🚨Years on charts build the habit of sensing psychological market direction. So far working :)