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R.Linda Trading - forecast

Trading signals for # XRPUSDT → The coin shows strength and bullish activity

2023-06-13 08:25 CRYPTO forecast

XRPUSDT is strengthening. The coin is setting up for a possible renewal of the global high, but at the same time, there are no prerequisites for a price exit from the channel right now.

The price is testing the moving averages. After a false breakout or touch, there is a strong bullish reaction.

XRPUSDT continues to recover. A "Flag" pattern is forming on H1. There is a possibility of further growth

The price obtains a local uptrend line support, which is contiguous with the SMA-200, which only strengthens the line.

Consolidation between the levels 0.5078-0.5590 is forming. In the near future the price may test the resistance.

Strong support: 0.5078, moving averages

Strong resistance: 0.5590, channel resistance.

Weekly timeframe shows that the price overcame the strong resistance and the realization of the accumulated liquidity is expected in the nearest future.

I stick to the opinion, that we will go up to 0.5590 and to the channel resistance.

Regards R. Linda!

R. Linda

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