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XRP
Long

XRP BULLISH MOVE INCOMING???

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This is my analysis for XRP (potential bullish move incoming) obviously this is personal opinion let me know what you think in the comments and share your ideas XRPUSD

  1. Monthly timeframe showed a break of a huge resistance level ($1.96) on 01/12/24

  2. Daily timeframe showed a bullish flag pattern

  3. Looking closely at the Hourly timeframe the bullish flag pattern was broken (upward) price has come back down to the the flag which is also a support level (around $2.20). Price broke below this level 3 between 09/12/24 & 10/12/24 but came straight back above indicating 3 failed attempts to break support. This suggests we have more buyers at this level then sellers)

    My personal opinion is a continuation in the bullish trend the past week or so we've been bouncing up and down but for me all signs point bullish for the next move.

    Let me know what you think in the comments would love to bounce some ideas off of you wether you're bullish or bearish, everyones eye for the charts are different so we can all help each other ;)


Note
UPDATE 26/12/24:

market has continued moving sideways and we had another takeout on the latest support level lets see if price an continue to hold above this level.
TakeProfitClub
FlagSupport and ResistanceTrend Analysis

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FlagSupport and ResistanceTrend Analysis
TakeProfitClub

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.