Analysis:
The chart shows XRP/USDT (1H timeframe) developing a bullish structure after a Change of Character (CHoCH) confirmation near the $2.94 support zone. Price respected the key demand area (highlighted by green arrows) and broke above the descending trendline, signaling potential reversal momentum.
Support Zone: $2.94 – $2.87 (strong demand zone, price reacted twice).
Resistance Levels:
First target: $3.38
Second target: $3.66
Indicators:
SMA (9) at $3.04 – price hovering around it, suggesting early bullish strength.
Ichimoku showing potential cloud breakout aligning with bullish momentum.
Volume: Increasing at demand, indicating strong buyer interest.
Trade Plan:
Entry Zone: Around $3.00 – $3.05 (after retest confirmation).
Stop-Loss: Below $2.86 (invalidates setup if broken).
Targets:
TP1: $3.38
TP2: $3.66
Risk/Reward: Favorable, with potential 2:1 or higher depending on entry execution.
👉 This setup suggests that XRP may attempt a bullish continuation if support holds and volume sustains the breakout momentum.
The chart shows XRP/USDT (1H timeframe) developing a bullish structure after a Change of Character (CHoCH) confirmation near the $2.94 support zone. Price respected the key demand area (highlighted by green arrows) and broke above the descending trendline, signaling potential reversal momentum.
Support Zone: $2.94 – $2.87 (strong demand zone, price reacted twice).
Resistance Levels:
First target: $3.38
Second target: $3.66
Indicators:
SMA (9) at $3.04 – price hovering around it, suggesting early bullish strength.
Ichimoku showing potential cloud breakout aligning with bullish momentum.
Volume: Increasing at demand, indicating strong buyer interest.
Trade Plan:
Entry Zone: Around $3.00 – $3.05 (after retest confirmation).
Stop-Loss: Below $2.86 (invalidates setup if broken).
Targets:
TP1: $3.38
TP2: $3.66
Risk/Reward: Favorable, with potential 2:1 or higher depending on entry execution.
👉 This setup suggests that XRP may attempt a bullish continuation if support holds and volume sustains the breakout momentum.
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t.me/Pips_and_profits1
t.me/Pips_and_profits1
Daily 300+pips profits
weekly 2000+pips profit
High accuracy signals with double conformation
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
join my telegram channel free
t.me/Pips_and_profits1
t.me/Pips_and_profits1
Daily 300+pips profits
weekly 2000+pips profit
High accuracy signals with double conformation
t.me/Pips_and_profits1
t.me/Pips_and_profits1
Daily 300+pips profits
weekly 2000+pips profit
High accuracy signals with double conformation
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.