XRP/USD is currently trading at 2.19400 on the 4-hour timeframe. Price action has recently broken above a key consolidation range but is now pulling back to retest the breakout zone.
If support between 2.18880 and 2.08373 holds, XRP could initiate a strong bullish rally towards the upside targets marked on the chart:
2.29387 (first resistance)
2.40995 (next resistance)
2.51803 (major target)
The scenario expects a minor dip toward support before a bullish continuation toward the projected levels.
Key Support Zones:
2.18880
2.08373
Key Resistance Levels:
2.29387
2.40995
2.51803
Idea:
Traders should monitor price action closely around the retest zone. A strong bullish rejection from support could offer a high-probability long opportunity toward the higher targets.
If support between 2.18880 and 2.08373 holds, XRP could initiate a strong bullish rally towards the upside targets marked on the chart:
2.29387 (first resistance)
2.40995 (next resistance)
2.51803 (major target)
The scenario expects a minor dip toward support before a bullish continuation toward the projected levels.
Key Support Zones:
2.18880
2.08373
Key Resistance Levels:
2.29387
2.40995
2.51803
Idea:
Traders should monitor price action closely around the retest zone. A strong bullish rejection from support could offer a high-probability long opportunity toward the higher targets.
Stay informed — join our official Telegram channel for news and updates. t.me/Liam_JonesCryptoFXTrader
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.
Stay informed — join our official Telegram channel for news and updates. t.me/Liam_JonesCryptoFXTrader
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.