In 1D chart, XRP has a chance to appear in a double bottom pattern.
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In 4 hr chart:
XRP is effectively supported near the support price of 0.4502. Pay attention to whether it breaks through the upper resistance trend line.
If XRP break through the previous high 0.4758, pay attention to several target prices:
0.4894
0.5041
0.5093
0.5171
0.5427
Stop loss price: 0.4428
-
-
In 4 hr chart:
XRP is effectively supported near the support price of 0.4502. Pay attention to whether it breaks through the upper resistance trend line.
If XRP break through the previous high 0.4758, pay attention to several target prices:
0.4894
0.5041
0.5093
0.5171
0.5427
Stop loss price: 0.4428
-
Note
After reaching the mentioned target in the article, XRP experienced a potential double top. (Pay attention to whether the closing price falls below 0.5002)
Previously, XRP had a series of rising k bars in the 1D chart, probably it’s time for a pullback
The overall trend still suggests waiting for a large double bottom, as shown in the chart.
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bybit sign up:
partner.bybit.com/b/56404
partner.bybit.com/b/56404
Related publications
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.