Long term show! For BITSTAMP: XRPUSD By TheSignalyst – Technische Analyze – 2022-10-01 07:14:13

Hello TradingView family / fellow traders. This is Richard, aka Signalyst.

XRP in general was alcohol market Trade inside the descending brown channel.

We are currently retesting the upper brown trendline and 0.55-0.6 resistance area .

For the bulls to take full control, they expect the long term rising A move we need a weekly candle close to above 0.6

Meanwhile, the bears can run for another alcohol market Movement within the channel before the upside breakout.

What is the most likely scenario in your opinion and why?

Always follow your own trading plan in terms of entry, risk management and trade management.

Good luck and God bless you!

All strategies are good. If managed properly!
~ rich

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