Alright team, let's dive into the XRP/USDT chart on the 1-Week timeframe and see the bigger picture!
- Analysis: XRP is displaying a powerful, long-term bullish trend, clearly within an ascending 'BULL MARKET' channel. Price has moved significantly past the major support at $0.4919 and is currently trading strong around $3.0836. The chart highlights a clear long-term target: $5.3416! This isn't just a pump; it's a macro-level move with strong momentum.
- Game Plan: My strategy here is to stay locked in. We're looking at a macro target. For those not yet in, any retracement towards the established bull market trendline or previous resistance turned support (like around $0.8138 seen previously) would be prime accumulation zones. The primary focus remains on reaching that $5.3416 target.
Highly recommend HOLD and Stacking $XRP at Binance
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