XRP Futures ( XRPUSDT ), H4 Potential for Bullish Continuation
Title: XRP Futures ( XRPUSDT ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 0.44329
Pivot: 0.36708
Support: 0.29693
Preferred case: Looking at the H4 chart, my overall bias for XRPUSDT is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue moving towards the overlap resistance at 0.44329.
Alternative scenario: Price may head back down to retest the pivot at 0.36708, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 0.44329
Pivot: 0.36708
Support: 0.29693
Preferred case: Looking at the H4 chart, my overall bias for XRPUSDT is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue moving towards the overlap resistance at 0.44329.
Alternative scenario: Price may head back down to retest the pivot at 0.36708, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.
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.