Ripple Bull Market Chart Analysis
#XRP High Timeframe Analysis
🔹 Current Setup:
XRP
is consolidating within a symmetrical triangle formation on the higher timeframe, with the 200 EMA slope remaining neutral, signaling potential continued range-bound movement.
🔹 Key Observations:
- Price has tested the support level multiple times without a definitive breakdown, hinting at a possible bullish breakout.
- A strong breakout above the pattern resistance, with a confirmed candle close above $0.6639, would signal bullish momentum, opening a pathway toward $1.4065 as the primary resistance/target level.
🔹 Trade Setup:
- Long Position: Await a candle close above $0.6639 to confirm bullish continuation.
- Invalidation: If the price breaches the support and closes below $0.4302, this setup will be invalidated.
🔹 Current Setup:
XRPis consolidating within a symmetrical triangle formation on the higher timeframe, with the 200 EMA slope remaining neutral, signaling potential continued range-bound movement.
🔹 Key Observations:
- Price has tested the support level multiple times without a definitive breakdown, hinting at a possible bullish breakout.
- A strong breakout above the pattern resistance, with a confirmed candle close above $0.6639, would signal bullish momentum, opening a pathway toward $1.4065 as the primary resistance/target level.
🔹 Trade Setup:
- Long Position: Await a candle close above $0.6639 to confirm bullish continuation.
- Invalidation: If the price breaches the support and closes below $0.4302, this setup will be invalidated.
Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.