Pair: XRP/USDT
Timeframe: 4H
Exchange: BINANCE
XRP is trading inside a rising parallel channel, respecting both support and resistance lines beautifully over time. This structure offers a clean trading setup for both range traders and potential breakout watchers.
Trade Setup:
Entry Zone:
Around 2.10–2.12 USDT, near the lower support of the channel. The price has tested this zone several times and shown bullish reactions.
Support Levels:
Primary support: 2.10 (channel lower boundary)
Deeper support (if price dips): 2.00–2.05
Extreme support: 1.87–1.90 (outside the channel, only if structure fails)
Target Levels:
First Target (mid-channel resistance): 2.30
Final Target (channel top): 2.48–2.50
Stop-loss (example):
Below 2.00, depending on your risk tolerance and position sizing.
Scenario Analysis:
If price holds the support zone, there's strong potential for a move toward the top of the channel.
If price breaks above the channel resistance, it could trigger an extended rally—watch for volume confirmation.
Timeframe: 4H
Exchange: BINANCE
XRP is trading inside a rising parallel channel, respecting both support and resistance lines beautifully over time. This structure offers a clean trading setup for both range traders and potential breakout watchers.
Trade Setup:
Entry Zone:
Around 2.10–2.12 USDT, near the lower support of the channel. The price has tested this zone several times and shown bullish reactions.
Support Levels:
Primary support: 2.10 (channel lower boundary)
Deeper support (if price dips): 2.00–2.05
Extreme support: 1.87–1.90 (outside the channel, only if structure fails)
Target Levels:
First Target (mid-channel resistance): 2.30
Final Target (channel top): 2.48–2.50
Stop-loss (example):
Below 2.00, depending on your risk tolerance and position sizing.
Scenario Analysis:
If price holds the support zone, there's strong potential for a move toward the top of the channel.
If price breaks above the channel resistance, it could trigger an extended rally—watch for volume confirmation.
Trade closed: target reached
Target reached, guys! Congratulations to all my followers — we just smashed 300 pips!Patience, discipline, and smart entries paid off big time.
Let’s keep riding the momentum and plan the next setup!
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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.
Related publications
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.