XRPUSDT trading ascending triangle breakout

Hello everyone, today is my idea for XRPUSDT:

Currently, XRPUSDT continues to show an uptrend, within the ascending triangle. In theory, the price will break the resistance level and grow further.

Based on the current situation, we are optimistic about a break from the 0.7485 resistance. This results in the price retesting another resistance level. Resistance at 0.7485 is in place and the price has been pressing towards resistance for several hours, however if sellers hold this zone the price could test local support before moving further.

However, EMA 34.89 continues to show great interest in the market, which gives us quite important premises to wait more. I expect the Bullish Triangle Structure to break when the support at 0.5415 is broken, which will trigger an impulse phase and move towards higher levels as indicated on the chart.

My targets are 0.9303 and 1.2191 (where the 34.89 EMA retracement points).

Trade active

Trade active