📊 *XRP - Strong Support & Breakout Watch | Daily Timeframe*
XRP is currently holding above a major support zone around the 102B market cap level. Price has shown multiple rejections from this zone, indicating strong buying interest.
🔹 *Key Levels:*
- *Support Zone:* 102B (Strong Demand Area)
- *Resistance Zone:* 147B (Breakout Level)
📈 *Market Structure:*
Price is forming a potential accumulation pattern. If this structure holds, we might see a bullish reversal towards the resistance, followed by a possible breakout.
📌 *Bullish Scenario:*
- Bounce from support
- Retest of previous high
- Breakout above resistance
📌 *Invalidation:*
- If price closes below 102B support zone, setup may fail and a deeper drop could follow.
🧠 *Note:* This is not financial advice. Always do your own analysis before trading.
#XRP #CryptoAnalysis #TechnicalAnalysis #Breakout #SupportResistance
XRP is currently holding above a major support zone around the 102B market cap level. Price has shown multiple rejections from this zone, indicating strong buying interest.
🔹 *Key Levels:*
- *Support Zone:* 102B (Strong Demand Area)
- *Resistance Zone:* 147B (Breakout Level)
📈 *Market Structure:*
Price is forming a potential accumulation pattern. If this structure holds, we might see a bullish reversal towards the resistance, followed by a possible breakout.
📌 *Bullish Scenario:*
- Bounce from support
- Retest of previous high
- Breakout above resistance
📌 *Invalidation:*
- If price closes below 102B support zone, setup may fail and a deeper drop could follow.
🧠 *Note:* This is not financial advice. Always do your own analysis before trading.
#XRP #CryptoAnalysis #TechnicalAnalysis #Breakout #SupportResistance
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.