📊 Weekly Overview
XRPUSD has been rejecting the weekly support zone for several consecutive weeks, forming bullish candles that suggest growing buyer strength and potential upside continuation.
📉 Daily Chart Explanation
Price has broken above the daily 50EMA with a strong bullish momentum candle, indicating a shift in structure and reinforcing the bullish bias from higher timeframes.
⏱ 4H Chart Explanation
The 4H trend remains bullish, but no retracement has formed yet. I am anticipating a possible pullback in the coming sessions. Once a retracement occurs, I will wait for bullish confirmation—such as a trendline break or a reclaim of 50EMA—to look for a long opportunity.
📌 Plan
Bias: Bullish
Entry: Wait for retracement to form and look for bullish confirmation (trendline break + strong bullish candle above 50EMA)
Targets:
Invalidation: Break below recent 4H swing low or failure to hold above 50EMA after pullback
XRPUSD has been rejecting the weekly support zone for several consecutive weeks, forming bullish candles that suggest growing buyer strength and potential upside continuation.
📉 Daily Chart Explanation
Price has broken above the daily 50EMA with a strong bullish momentum candle, indicating a shift in structure and reinforcing the bullish bias from higher timeframes.
⏱ 4H Chart Explanation
The 4H trend remains bullish, but no retracement has formed yet. I am anticipating a possible pullback in the coming sessions. Once a retracement occurs, I will wait for bullish confirmation—such as a trendline break or a reclaim of 50EMA—to look for a long opportunity.
📌 Plan
Bias: Bullish
Entry: Wait for retracement to form and look for bullish confirmation (trendline break + strong bullish candle above 50EMA)
Targets:
Invalidation: Break below recent 4H swing low or failure to hold above 50EMA after pullback
Note
Let's see if it will switch back up. Currently only market structure switch to buy. I need to see everything align before pull the trigger.Note
Buy limit set.
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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.