Long term review of the XRPUSDT market
Hello everyone, I invite you to the XRPUSDT review on a 1-day interval. As you can see in the chart, the price came up from the first channel of the sideways trend and from the first line of the downtrend.
We are currently above the uptrend line, but we can also mark the second channel of the sideways trend.
Now let's move on to the support that xrp has in front of it and we can see that the first support zone is from $ 0.50 to $ 0.46, then we have support lines at $ 0.42, then the support zone from $ 0.39 - 0.35 $ and support at $ 0.29.
Looking in the other direction, we will analogously determine the points of resistance.
We have the first resistance at $ 0.53, the second resistance at $ 0.61, then we have a strong resistance zone that starts at $ 0.69 and continues all the way up to $ 0.93.
It is worth paying attention to the CHOP index which indicates that we have a lot of energy, while the MACD indicator indicates a local downward trend.
We are currently above the uptrend line, but we can also mark the second channel of the sideways trend.
Now let's move on to the support that xrp has in front of it and we can see that the first support zone is from $ 0.50 to $ 0.46, then we have support lines at $ 0.42, then the support zone from $ 0.39 - 0.35 $ and support at $ 0.29.
Looking in the other direction, we will analogously determine the points of resistance.
We have the first resistance at $ 0.53, the second resistance at $ 0.61, then we have a strong resistance zone that starts at $ 0.69 and continues all the way up to $ 0.93.
It is worth paying attention to the CHOP index which indicates that we have a lot of energy, while the MACD indicator indicates a local downward trend.
Penafian
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