XRP - USDT on 1W interval Resistance and Support
Hello everyone, I invite you to a review of the XRP chart, in tandem with USDT, on the interval of one week.
As you can see, we have been moving in the downtrend channel marked with yellow lines for a long time.
On the other hand, locally we move above the upward trend line marked in blue.
Let's move on to determining the support that the price has in the event of drops and as you can see, in the first place we have a support zone from forty one cents to thirty two cents, if this zone is broken, we have another support at the price
twenty-four cents.
Looking the other way around, it is worth determining the places of resistance if the XRP price starts to rise. In this situation, we have a resistance zone of fifty-two cents to sixty-seven cents, and if we manage to overcome this zone, we have another strong resistance at ninety-one cents.
Please look at the CHOP index, which indicates that in the interval of one week we still have a lot of energy for the next move, while the makdi indicator shows that we are in an uptrend.
As you can see, we have been moving in the downtrend channel marked with yellow lines for a long time.
On the other hand, locally we move above the upward trend line marked in blue.
Let's move on to determining the support that the price has in the event of drops and as you can see, in the first place we have a support zone from forty one cents to thirty two cents, if this zone is broken, we have another support at the price
twenty-four cents.
Looking the other way around, it is worth determining the places of resistance if the XRP price starts to rise. In this situation, we have a resistance zone of fifty-two cents to sixty-seven cents, and if we manage to overcome this zone, we have another strong resistance at ninety-one cents.
Please look at the CHOP index, which indicates that in the interval of one week we still have a lot of energy for the next move, while the makdi indicator shows that we are in an uptrend.
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