XRP/BTC (Sign of Bullish Strength?)

💎Technical Analysis Summary💎


BINANCE: XRPBTC

-XRP has confirmed the support at the 2150s sat area
-It is now trading inside a descending channel
-A strong bounce at a key area of support is a Bullish sign
-But as long as the price is still inside this channel
-The Bears can enter the market once the trendline resistance is retested
-A good trading approaching is to wait for an upside breakout
-This will give us a strong bias that the downtrend is now over
-The upside potential is up to 2600-2800 sat area





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