Get started
XRP / USDT
Long
Updated

XRP/USDT Analysis: Accumulation in Progress?

203
XRP/USDT Analysis: Accumulation in Progress?

  1. Current price: $2.45, pulling back from the recent high of $2.60.
  2. Support and resistance:
  3. Key support: $2.34 – holding strong during recent dips.
  4. Resistance: $2.52 – acting as a ceiling for further upside.
  5. Chart observations:
  6. Formation of an equilibrium pattern, indicating potential accumulation at current levels.
  7. Recent volatility is stabilizing, which could pave the way for the next directional move.
  8. Trade setup:
  9. Rated 7/10 for longs above $2.47.
  10. Suggested stop-loss: Below $2.34 to manage risk.
  11. Target levels: Initial resistance at $2.52, with potential for continuation higher if momentum builds.
  12. Volume profile: Indicates steady buyer interest at current levels, hinting at a possible leg up for patient traders.

What’s your outlook on this setup? Share your ideas below! 🚀📈
Trade closed: target reached
Note
🚀 Join the Crypto Kijker Charts Telegram Group for FREE Signals! 📈
Looking for expert trading signals, chart analyses, and market insights? 👀
t.me/cryptokijkercharts
Cryptokijker
Chart PatternsTechnical IndicatorsTrend AnalysisXRPUSDT

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.
Chart PatternsTechnical IndicatorsTrend AnalysisXRPUSDT
Cryptokijker

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.