XRP - Long-Term View 🕝 Analysis #8/50

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

XRP has been overall bearish trading inside the falling brown channel.

XRP is currently rejecting a strong weekly support 0.30 so we will be looking for buy setups.

🏹 Long-Term: Left Chart
For the bulls to over from a long-term perspective, we need a weekly candle close above 0.6 which would be breaking both the last major high and upper brown trendline.

📉 Medium-Term: Right Chart
For the bulls to over from a medium-term perspective, we need a daily candle close above the orange zone 0.420. And as price approaches the 0.320 support we will be looking for short-term buy setups.

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