$XRP
Trade setup: Price is in an uptrend as price has broken back above 200-day moving average. Price also made a Higher Low (above the low from early July of $0.38), which is positive. Pullback near $0.57 key level could be another swing trade entry in Uptrend with +15% upside potential back to $0.67. Stop Loss at $0.53.
Pattern: Resistance Breakout. Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target.
Trend: Short-term trend is Up, Medium-term trend is Up and Long-term trend is Up.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.50, then $0.42. Nearest Resistance Zone is $0.67, then $0.75.
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