Hello, we are reviewing the XRP to USDT chart on a 1 day time frame looking at the long term.
It is worth designating two channels, the yellow lines for the uptrend channel and the blue lines for the downtrend channel in which we are currently. A price behavior that moves from the bottom to the top of the channel can be used for short-term licks.
It is worth noting that we are currently in the lower part of the channel and in the support zone. Looking at the price of XRP in the long term, it is worth setting two resistance zones that we must overcome in the future, the first is from $ 0.682 to $ 0.947, while the second is from $ 1.33 to $ 1.62.
Let us pay attention to the CHOP indicator which indicates that on the 1-day interval we are starting to regain energy, and the MACD indicator shows that the blue line has crossed the red one from the bottom, which confirms the local upward trend.
It is worth designating two channels, the yellow lines for the uptrend channel and the blue lines for the downtrend channel in which we are currently. A price behavior that moves from the bottom to the top of the channel can be used for short-term licks.
It is worth noting that we are currently in the lower part of the channel and in the support zone. Looking at the price of XRP in the long term, it is worth setting two resistance zones that we must overcome in the future, the first is from $ 0.682 to $ 0.947, while the second is from $ 1.33 to $ 1.62.
Let us pay attention to the CHOP indicator which indicates that on the 1-day interval we are starting to regain energy, and the MACD indicator shows that the blue line has crossed the red one from the bottom, which confirms the local upward trend.