XRP/USDT 1DInterval Resistance and Support
Hello everyone, I invite you to review the chart of XRP in pair to USDT, on a one-day timeframe. First, we will use the yellow line to mark the downtrend line that the price is trying to overcome.
Moving on, we can move on to marking support areas when we start a larger correction. And here, in the first place, we can mark the support zone from $ 0.37 to $ 0.35, when the zone does not hold the price, we have the next support at the level of $ 0.33 and further at the price of $ 0.30.
Looking the other way, we see a strong resistance zone from $0.40 to $0.43, but before that we need to break the downtrend lines. The next resistance is at $0.46, followed by resistance at $0.50.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the MACD is on the verge of entering an uptrend, while the RSI is moving in the lower part of the range, which gives room for increases.
Moving on, we can move on to marking support areas when we start a larger correction. And here, in the first place, we can mark the support zone from $ 0.37 to $ 0.35, when the zone does not hold the price, we have the next support at the level of $ 0.33 and further at the price of $ 0.30.
Looking the other way, we see a strong resistance zone from $0.40 to $0.43, but before that we need to break the downtrend lines. The next resistance is at $0.46, followed by resistance at $0.50.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the MACD is on the verge of entering an uptrend, while the RSI is moving in the lower part of the range, which gives room for increases.
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