XRP - Pending Breakout

8月8日

#XRP/USDT #Analysis
Description
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SCENARIO-1
+ Sudden surge in the XRP price gave some hope for XRP price and currently trading around the resistance zone.
+ breakout from this resistance is essential for the continued bullish trend
+ If the breakout from this resistance confirmed then we can enter a LONG trade.

SCENARIO-2
+ If the price gets rejected from the resistance line then next support is around 0.45 range.
+ from this support we can expect a bounce back and eventual breakout from the resistance.
+ We have a short trade opportunity once we have confirmed rejection from the resistance line.
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Enhance, Trade, Grow
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VectorAlgo