Technical Analysis – XRP/USD (1H Timeframe)
XRP/USD is currently trading around $2.36, showing a +3.25% gain. The chart highlights a Point of Interest (POI) within the $2.34 - $2.36 range, where price has recently reacted. This zone acts as a demand area, suggesting potential bullish momentum if it holds.
A long setup is evident, targeting the $2.93 - $3.00 range, with a favorable risk-to-reward ratio. The stop-loss appears below $2.16, confirming a well-structured trade plan.
Key levels to watch:
- Support: $2.34 (POI), $2.16 (Stop-loss area)
- Resistance: $2.93 - $3.00 (Target Area)
If price sustains above POI, bullish continuation is likely. However, a break below $2.16 may invalidate this setup.
If you enjoy, press the like button.
XRP/USD is currently trading around $2.36, showing a +3.25% gain. The chart highlights a Point of Interest (POI) within the $2.34 - $2.36 range, where price has recently reacted. This zone acts as a demand area, suggesting potential bullish momentum if it holds.
A long setup is evident, targeting the $2.93 - $3.00 range, with a favorable risk-to-reward ratio. The stop-loss appears below $2.16, confirming a well-structured trade plan.
Key levels to watch:
- Support: $2.34 (POI), $2.16 (Stop-loss area)
- Resistance: $2.93 - $3.00 (Target Area)
If price sustains above POI, bullish continuation is likely. However, a break below $2.16 may invalidate this setup.
If you enjoy, press the like button.
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Our trades are still running in good profit, we are holding trades for big move.Trade closed: target reached
300 pips+ profit booked.
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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.