Ripple (XRP) Bounced From Support Of Big Triangle And Broke Out The Channel

Hi friends, hope you are well, and welcome to the new update on XRP.

Big triangle: On a weekly time frame, XRP is bounced by the support of a big symmetrical triangle. There is also a strong support of 100 simple moving average below the support of triangle.

Broke out the channel: On a daily time frame, XRP has broken out a down channel . Now it is testing a strong support zone from $0.85 to $0.75. While trading this channel, we can also use $0.75 as stop loss as well. After this breakout there is a high probability that soon XRP will also break out a big triangle on the weekly time frame.

You can also support my work at Patreon for more ideas:

https://www.patreon.com/moon333

In order to play and watch the current performance of the chart you need at least a free account on tradingview:

https://www.tradingview.com/gopro/?share_your_love=moon333 KuCoin is one of the best exchange to find crypto gems:

https://www.kucoin.com/ucenter/signup?rcode=rJSDVT3

Link for Binance exchange, to trade crypto:

https://www.binance.com/?ref=11256882

Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.

▶️ 3Speak