$XRP Analyse Updates for Long term investing and short term trading
It's been a long time since I checked the situation of XRP. So today we'll take a look at its near-term future and current situation.
For medium and long-term investment, we can see in the monthly chart (pic1)that XRP has just jumped out of the trend line and successfully completed the retracement.
Now it is on the eve of awakening. Of course, all market price movements will not rise in a straight line, but move forward in waves. After ups and downs, its price has the potential to return to around 1.32 USD, or even more boldly, its price may return to its peak, almost close to 2 US dollars. This process may take several months to achieve. So XRP currently has excellent potential. If there is no special event impact, XRP will be a very promising asset. This is good news for medium- and long-term investors.
Then let's take a look at short-term trading.
In the 15-minute chart(pic2), you can see that the price of XRP has bottomed out 2 hours ago, which is 0.5235 US dollars, and the market doesn't seem to want to go back there.
So for short-term trading, the price of XRP may move in the range between 0.5772 and 0.5407.
Now, it is challenging the current resistance price of 0.5348 US dollars, and now it exceeded successfully. So probably do long is better choice,target 0.54.
Finally, I hope my analysis can help everyone's own analyse.
Happy trading😎
