XRP - Long-Term View 🕝

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

XRP has been stuck inside a big range between 0.3 support and 0.6 resistance.

🏹 Long-Term: Left Chart
For the bulls to over from a long-term perspective, we need a weekly candle close above 0.6

📉 Medium-Term: Right Chart
The bulls already took over by breaking above the recent highs, and now bullish trading inside the rising orange channel.

As we retest the lower orange trendline, we will be looking for trend-following short-term buy setups on lower timeframes.

Which scenario do you think is more probable and why?

📚Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich