Ripple / Tether

XRP - Trade The Range!

254
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈XRP has been trading within a range between $2 and $2.35 in the shape of a flat rising broadening wedge pattern in red.

🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.

📚 As per my trading style:
As #XRP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

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