XRP BULLISH - Retesting Support Before Moving Up On Weekly TFXRP recently ripped through multi-year resistance and is re-testing a major support level at the $2.00 level. This is perfectly normal and should be expected.
It looks like support is holding and XRP is going to bounce upwards. In this case, expect a move towards it's all-time high near the $3.30 area.
TP at $3.30 would be approximately a 50% move upwards from here!
Xrp
XRP Price UpdateThe current situation for XRP is quite significant, as it finds itself at a crucial point in its price movement. The cryptocurrency is facing a resistance level and a trend line that have been pivotal in determining its recent performance. A breakout above these barriers would signal a strong bullish trend, indicating that buyers are gaining momentum. This is particularly important as increased trading volume during such a breakout can reinforce the strength of the move, suggesting that the upward trend could be sustained.
If XRP successfully breaks through the resistance and trend line, it opens the door to higher price levels. Traders and investors often look for these breakouts as indicators of potential future gains.
Ripple vs. SEC: The Battle Continues as XRP Faces New AppealThe legal tussle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has taken another dramatic turn. On January 15, the SEC filed an appeal against the July 2023 ruling by Judge Analisa Torres, which declared that XRP tokens sold to retail investors are not securities. This appeal marks the latest chapter in a legal battle that has been ongoing since December 2020.
SEC’s Arguments
The SEC’s appeal asserts that the New York District Court erred in its judgment by distinguishing CRYPTOCAP:XRP sales to retail investors from those to institutions. The regulator contends that all CRYPTOCAP:XRP sales should be classified as unregistered securities offerings under the Howey test. This test defines an investment contract as one involving an investment of money in a common enterprise with the expectation of profits derived from the efforts of others.
The SEC’s filing argues that Ripple’s promotional efforts and its distribution of XRP as employee compensation or in business deals were sufficient to establish the token as a security. Furthermore, the regulator claims that retail investors would have expected profits based on Ripple’s activities, reinforcing their stance that XRP sales to retail investors were improperly excluded from the initial ruling.
Ripple’s Response
Ripple’s leadership has dismissed the SEC’s appeal as a repetition of failed arguments. Ripple CEO Brad Garlinghouse criticized the agency for “doing the same thing over and over and expecting different results.” Chief Legal Officer Stuart Alderoty labeled the appeal as “lackluster” and suggested it may be abandoned under the next administration.
Pro-crypto lawyer Jeremy Hogan also weighed in, highlighting the SEC’s lack of substantial evidence to prove that retail investors were aware of Ripple’s “promises” regarding XRP. Ripple has cross-appealed the aspects of the case it lost, including a $125 million civil penalty ordered by Judge Torres.
Outlook
The outcome of this appeal could have significant implications for the cryptocurrency industry. If the appeals court overturns the initial ruling, it may set a precedent for other cryptocurrencies to be classified as securities, tightening regulatory scrutiny across the sector. Conversely, a favorable ruling for Ripple could strengthen the case for digital assets being treated differently based on their use cases and distribution methods.
Technical Analysis
As of this writing, CRYPTOCAP:XRP is trading at $3.18, up 1.39% over the past 24 hours. The token is currently in a bullish pattern, with the Relative Strength Index (RSI) at 73. This suggests that while XRP is not yet overbought, traders should exercise caution as a correction could be imminent.
Immediate support lies at the 38.2% Fibonacci retracement level, which corresponds to $2.70. This level could serve as a potential buy zone for traders and investors looking to capitalize on the next upward move. The long-term target for XRP remains optimistic, with projections ranging from $5 to $10, especially as Ripple expands its stablecoin offerings across multiple networks.
Conclusion
The SEC’s appeal adds another layer of uncertainty to Ripple’s legal battle, but the fundamentals of XRP remain strong. With its expanding utility and growing adoption, XRP’s potential to reach new highs remains intact. However, traders and investors should monitor both the legal proceedings and technical indicators closely to navigate this volatile period effectively.
As the appeals court process unfolds, Ripple’s counterarguments and the court’s eventual decision will be pivotal in shaping the future of XRP and the broader cryptocurrency market.
XRP is flying. How much further?I published this chart a few weeks ago showing the potential for a gorgeous fratcal that's appearing for XRP. Do we dare to dream to see if reach three figures as we continue to soar? There's a few other alternatives that I'll also share some ideas around. But, this could be the best uptick we've seen from any coin... ever.. Good luck and follow and share for more.
Updated XRPUSD chart to more precisely show the breakout pointI decided to post an updated version of my current xrpusd daily chart to more accurately display the measured move line at the spot of the exact breakout so we can see it work its magnetism on price action and so far you can see here we had a perfect wick support bounce up from the dotted measured over line like clockwork. Let’s see if it climbs up the lne like it often does with other pattern breakouts. Target for this specific breakout is $4.86. II will post a link to the previous version of this chart below. I tired that one something along the lines of the 50ma is about to push price action out of the nest and force it to fly and as you can see that’s more or less exactly what it did. *not financial advice*
Buy I just bought some XRP.
I use two time frames to decide a trade entry - i.e. weekly/daily or daily/4h.
1) I use stochastic in a higher time frame to confirm the direction of my bias. If I am interested in going long, I first look at the daily stochastics (9,3,3) is reset, crossed and pointing upwards.
2) If the first condition is met, I am going to check the 4H chart and start looking for an entry area. I draw clear horizontal support/resistance area and also an ascending/descending trendline (only if it is a very clear trend). Don't draw too many lines. Keep it simple.
3) I open a position, if the price closes and bounces off the key resistance/support/trendline, and MACD lines cross and point upwards in the bull zone.
XRP chart is presenting that exact scenario, Therefore, I bought some XRP this morning where I drew the vertical line in the chart. The price is approaching the previous week high and previous monthly high, so it might get pushed down temporarily or be choppy until it moves above these lines.
I don't leverage trade so I don't have a predetermined stop loss/profit target. I will probably close my position if a daily candle moves below, retests and closes below the red support line. I usually take the initial profit when a clear negative divergence appears in either 4H or daily chart.
Crime season is back on the menuAs we know Ripple CEO had a meeting with trump a few days ago, and since then the price action has been undeniably bullish, i keep thinking the main reason for this is that xrp is a cornered market and manufacturing pumps is easy for the operators behind.
So join and make money while it lasts.
XRPUSDT: Blue Box Buy Zone!XRPUSDT: Blue Box Buy Zone! 🚀
You can see 🔵 XRPUSDT.P: Entry Zones my latest xrpusdt analysis was very accurate!
Ladies and gentlemen, XRP is showing some promising signs, and I’ve got my eyes on this blue box. Why? Let me tell you—it’s not just a random area. This zone aligns with:
The liquidity from the support level—buyers could step in here big time!
All my trusted conditions: CDV, volume profile, and heatmap confirmations.
A solid buy opportunity, if you know what you're looking for.
Remember, I’m always waiting for bullish structure breaks on lower time frames (like the 1H) to confirm my entries. It’s all about patience and precision.
Pro Tip: Watch for CDV and volume activity—if they align, this could be a fantastic trade. Don’t miss out!
Boost, comment, and follow for more insights! 📈
Let me tell you, this is something special. These insights, these setups—they’re not just good; they’re game-changers. I've spent years refining my approach, and the results speak for themselves. People are always asking, "How do you spot these opportunities?" It’s simple: experience, clarity, and a focus on high-probability moves.
Want to know how I use heatmaps, cumulative volume delta, and volume footprint techniques to find demand zones with precision? I’m happy to share—just send me a message. No cost, no catch. I believe in helping people make smarter decisions.
Here are some of my recent analyses. Each one highlights key opportunities;
🚀 RENDERUSDT: Strategic Support Zones at the Blue Boxes +%45 Reaction
🎯 PUNDIXUSDT: Huge Opportunity | 250% Volume Spike - %60 Reaction Sniper Entry
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🚀 GMTUSDT: %35 FAST REJECTION FROM THE RED BOX
🎯 ZENUSDT.P: Patience & Profitability | %230 Reaction from the Sniper Entry
🎯 DEXEUSDT %180 Reaction with %9 Stop
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
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🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
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📊 BTC.D: Retest of Key Area Highly Likely
This list? It’s just a small piece of what I’ve been working on. There’s so much more. Go check my profile, see the results for yourself. My goal is simple: provide value and help you win. If you’ve got questions, I’ve got answers. Let’s get to work!
XRP/USD Symmetrical Triangle, Watching for Confirmed Buy SetupXRP/USD is currently consolidating within a symmetrical triangle pattern on the H4 timeframe, signaling potential breakout opportunities. My trading plan involves buying if the price breaks out of the triangle to the upside (blue area) or if it revisits the next support of the pattern (purple area). The target for this setup is 3.00, with a stop loss set below the triangle's lower boundary to manage risk effectively.
Disclaimer: This analysis is simply a sharing of my personal trading plan and is not intended as financial advice. Please conduct your own research or consult a professional before making trading decisions.
XRP's Breakout: Could It Spark Altseason?Here’s my take: XRP is setting the stage for something big. It’s showing similar breakout dynamics to 2017 , and the recent move out of a Bullish Triangle pattern is a strong signal. We’re seeing solid momentum, and with XRP trading near $2.87 , it’s eyeing that $3.50 resistance level — backed by increasing market activity and a clear boost in institutional interest.
Is Altseason on the Horizon?
The potential here is huge. If XRP can sustain this trajectory, with a maximum target of $5.00 , it might just ignite an altseason in 2025. The broader market is already favoring altcoins as Bitcoin consolidates, and XRP could very well lead the charge, pulling fresh attention back into the altcoin market.
XRPBTC Cup & Handle: Ultra Bullish
On the weekly timeframe , the XRPBTC pair is forming a massive Cup & Handle pattern , which is historically ultra bullish. The breakout level sits at 3050 , with targets extending to 4311–5931 . This adds even more bullish momentum to XRP, making it a top pick for significant gains.
What I’m Watching
Key levels are everything right now. $3.00 and $3.50 are crucial short-term resistance zones. If XRP can break through decisively, the next target is clear: $5.00 . The breakout from that Bullish Triangle has already established a solid bullish foundation, so this is definitely one to keep a close eye on in upcoming weeks.
XRP: A Turning Point with SEC Drama and Growing Institutional Interest
Ripple's Ongoing Legal Saga with the SEC
XRP continues to dominate headlines as the legal battle between Ripple and the SEC takes another turn. With SEC Chair Gary Gensler preparing to step down, the agency is set to file its opening brief in the appeal against Ripple this week . Ripple remains confident, bolstered by support from industry leaders and the incoming pro-crypto administration led by Paul Atkins. Ripple President Monica Long has also highlighted the broader adoption potential of tokenization, emphasizing that 15 of the world’s top 25 banks have already piloted tokenized asset projects, signaling a promising future for the XRP Ledger.
Tokenization Push with RLUSD Stablecoin
Ripple Labs is leading the charge in tokenization with its innovative RLUSD stablecoin, launched to drive real-world adoption. The stablecoin has seen impressive adoption milestones across global exchanges, including in Singapore via Independent Reserve. Ripple’s focus on leveraging the XRP Ledger for tokenization through strategic partnerships like Archax positions the company as a key player in the evolving crypto-banking space. As banks explore crypto integration, Ripple is set to benefit from this mainstream adoption trend, assuming regulatory clarity continues to improve.
XRP ETF Approval Could Trigger Massive Inflows
Institutional interest in XRP is also heating up, with JPMorgan predicting that a spot-based XRP ETF could attract inflows between $3 billion and $8 billion . This follows the success of Bitcoin and Ethereum ETFs and growing confidence in the pro-crypto regulatory environment. Multiple players, including Bitwise and WisdomTree, are already vying to launch an XRP ETF, with analysts giving a 59% probability of approval in 2025. Ripple CEO Brad Garlinghouse sees this as a natural progression, further solidifying XRP’s potential as an institutional favorite in the coming years.
XRP - Roadmap to $3Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📦XRP has been trading within a large range, bounded by two round numbers, $2 and $3, forming a symmetrical triangle.
Last week, after rejecting the lower boundary of the triangle, XRP turned bullish in the short term.
For the bulls to maintain control and regain the long-term trend, a breakout above the red trendline and the green structure is required.
Such a breakout would target $3 as the initial objective. 🎯
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XRP (RIPPLE) TO $4XRP Continues to Outperform: Higher Highs and Double Buy Signal
Today, we highlight XRP's promising technical setup that signals a bullish continuation for the cryptocurrency.
Key Observations from the Chart
Bullish Breakout from Consolidation
XRP has decisively broken out of a symmetrical triangle pattern, which often precedes significant price movements. This breakout suggests a shift in market sentiment as bulls take control.
Double Buy Signal
As highlighted on the chart, XRP recently triggered a double buy signal—an indication of strong bullish momentum. Such signals are typically associated with increased buying activity and sustained upward trends.
Higher Highs in Progress
The price action shows XRP printing higher highs, reinforcing the bullish outlook. A series of higher highs is a classic indicator of a strong uptrend, reflecting buyers’ dominance.
Key Levels to Watch
Support Zone: The $2.00–$2.50 range provides a robust support area, as shown by the dark shaded region. This range aligns with previous price consolidation and could act as a safety net for bullish momentum.
Resistance Targets:
First target: $3.93
Second target: $4.31
These levels are significant milestones that could test XRP's upward trajectory.
Strategic Implications for Traders
For short-term traders, the breakout and buy signal provide an excellent opportunity to capitalize on XRP's upward momentum. Scaling out of positions at resistance levels while monitoring volume and momentum could maximize gains.
For long-term investors, XRP’s ability to maintain higher lows and its positioning above key support zones indicate the potential for sustained growth.
Market Sentiment and Future Outlook
The chart reflects growing optimism around XRP, possibly tied to favorable macro developments or broader market recovery. As XRP establishes itself above key levels, it is crucial to watch for confirmation of the breakout with increased volume and sustained momentum.
XRP: Poised at the Edge of Momentum – What's Next?The cryptocurrency market never sleeps, and XRP is the perfect reflection of this restless spirit. Currently trading at $2.8295, XRP finds itself teetering on the brink of a crucial breakout, with just a 2.9% gap from its all-time high of $2.9138, achieved 43 days ago. The question on every trader's mind: is this the moment of ignition, or will the asset take a breather?
Recent patterns highlight a tug-of-war between buyers and sellers. Volume Spread Analysis (VSA) patterns reveal the persistence of increased buy volumes, though intermittent sell-offs indicate a battle for control. From a technical perspective, the Relative Strength Index (RSI) stands at 74.95, signaling that XRP is flirting with overbought territory. Yet, this could either confirm a surge or warn of an impending pullback.
Fundamentally, Ripple’s ongoing legal clarity and the adoption of RLUSD stablecoin are boosting market confidence. Combined with the upward trend supported by key moving averages—MA50 at $2.5597 and MA100 at $2.5201—XRP could be primed for its next big leap.
Your Move: XRP's future is a coin flip between testing its psychological barriers at $3.00 and retracing to stronger support at $2.66. Are you ready to seize the opportunity as XRP prepares to define its next chapter? Stay tuned, as the market reveals its hand.
XRP Tradingmap: Patterns in Motion
Step 1: The Build-Up Begins - Buy Volumes Max (01:00 UTC)
The sequence kicks off with the "Buy Volumes Max" pattern. At this point, the price opened at $2.6765 and closed higher at $2.7918, signaling strong buying momentum. The main_direction was bullish, validated by the immediate follow-up pattern. This set the stage for the next price action.
Step 2: Rally Confirmed - Increased Buy Volumes (02:00 UTC)
True to the bullish call of the previous pattern, the price climbed further, opening at $2.7918 and closing higher at $2.8474. This confirms the integrity of the earlier pattern and keeps the bullish sentiment alive. Trigger points were respected as prices didn’t dip below the lows of the previous three bars ($2.6383). Confidence grows as buyers continue to dominate.
Step 3: Profit-Taking Warning - VSA Manipulation Sell Pattern (03:00 UTC)
Here comes a shift. The market signals caution with a "VSA Manipulation Sell Pattern." Despite opening high at $2.8474, the price closed lower at $2.8304. The main_direction flipped bearish, and this was confirmed as the subsequent pattern saw a slight price drop. Traders who spotted this sell signal had a chance to lock in gains before the retracement deepened.
Step 4: Brief Reprieve - Increased Buy Volumes (17:00 UTC)
Bulls briefly regained control, as prices opened at $2.6146 and closed higher at $2.6553. However, the movement lacked the strength seen in earlier buy patterns. While the main_direction of this pattern was bullish, subsequent price action indicates that this bounce was fleeting—a classic bull trap for unprepared traders.
Step 5: The Market Takes a Turn - VSA Manipulation Sell Pattern (19:00 UTC)
The sell-off resumes with another VSA sell pattern. The price slid lower, respecting the bearish direction outlined earlier. Opening at $2.682 and closing at $2.6626, this pattern further solidified bearish control. Trigger points were cleanly activated as prices failed to regain previous highs, providing traders with an opportunity to ride the downtrend.
Step 6: Strategy Reset - The Bigger Picture Emerges
The sequence highlighted above demonstrates the power of reading patterns within a cohesive framework. Early buy signals paved the way for strong upward momentum, but the subsequent sell patterns hinted at deeper corrections. By following the roadmap, investors could have avoided traps and maximized profits during the transition from bullish to bearish phases.
What’s Next?
XRP’s roadmap reveals its inherent volatility. Each pattern offers insight into market behavior, but success comes from aligning these signals with a broader strategy. Stay tuned for the next move—will bulls or bears take the crown?
Technical & Price Action Analysis: Key Levels to Watch
Support Levels:
$2.6666 – First line of defense. If this level doesn’t hold, it’s likely to flip into resistance, attracting sellers like bees to honey.
$2.5783 – A deeper support level where buyers might regroup. If broken, expect it to act as a ceiling for any bounces.
$2.2748 – Critical zone for bulls to keep control. If this level is lost, momentum shifts decisively in favor of the bears.
$2.1349 – The market’s last-ditch effort to keep things afloat. Failure here could open the floodgates.
$1.9667 – A psychological barrier where value hunters might step in. But remember, if it cracks, it’s a wall on the way up.
Resistance Levels:
While the chart doesn’t scream significant resistance levels, any failed support will naturally transform into tough barriers for a comeback rally.
Powerful Resistance Levels:
$1.1047 – A long-term level where sellers are likely to dig in their heels. Watch for strong rejections here.
$0.5538 – Key zone for the long game. If this level is reached and rejected, the bears could strengthen their grip.
$0.5032 – An area that will attract big players if prices retrace this far. Keep an eye on the price action here.
$0.3646 – The fortress of resistance. If bulls manage to breach this, it’s a signal of a major shift in market sentiment.
Trading Strategies Using Rays: A Path Through the Fibonacci Framework
Concept of Rays
The "Rays from the Beginning of Movement" approach is a unique method that applies Fibonacci-based geometric principles to map the dynamics of price movement. These rays act as predictive tools, marking zones where significant price interactions occur—either signaling a continuation or a reversal. By focusing on interactions with these rays, traders can better gauge probabilities without attempting to pinpoint exact levels in a nonlinear financial system.
How Rays Work
Fibonacci Rays: Constructed at mathematically significant angles starting from the initial movement, not extremum points. This increases accuracy in trending or corrective phases.
Dynamic Levels: These rays adapt to new patterns, automatically updating ranges for potential price movements.
Moving Averages as Dynamic Factors: Key levels align with Moving Averages (MA50, MA100, MA200), providing strong zones of interaction.
Ascending and Descending Rays: These define movement boundaries, marking pathways for price to travel from one ray to another.
Optimistic Scenario
Entry Point: Interaction with a descending ray around $2.6666 (support). If the price bounces above this ray and confirms with a close above MA50 at $2.5597, the movement could head upward.
Target 1: $2.8295 – Interaction with the next ray above creates an opportunity to scale out partial profits.
Target 2: $2.9138 – Absolute high from recent history; a breakout here could extend gains toward higher Fibonacci levels.
Dynamic Factors: If RSI remains above 70 while interacting with ascending rays, the bullish scenario strengthens.
Pessimistic Scenario
Entry Point: Price interaction with an ascending ray near $2.6666, but fails to close above MA50, confirming bearish sentiment.
Target 1: $2.5783 – Initial support zone becomes the first profit target in the downtrend.
Target 2: $2.2748 – Second ray below and the next potential reaction level for a partial exit.
Target 3: $2.1349 – A critical area where price may consolidate or reverse.
Dynamic Factors: Watch for Moving Averages flipping into resistance zones, confirming further downward pressure.
Trade Ideas Using Rays
Long Trade from $2.6666 to $2.8295: Enter long when price interacts with the ray at $2.6666, confirming with a bullish close above MA50. Scale out at $2.8295, targeting the upper ray.
Short Trade from $2.6666 to $2.5783: Enter short if price interacts with $2.6666 but fails to break above MA50. Target $2.5783 for a clean exit at the next ray.
Breakout Trade above $2.9138: Go long if price cleanly breaks $2.9138, with a tight stop below the breakout candle. Use dynamic Fibonacci rays to set extended targets.
Reversal Trade at $2.1349: A bounce off the $2.1349 ray could signal a countertrend move. Enter with confirmation from price closing above MA200, targeting $2.2748.
Trading is all about finding those key levels where the magic happens, and now it's your chance to engage. Have questions about the analysis? Drop them right in the comments—I’m here to discuss, clarify, and brainstorm with you!
Found this idea helpful? Don’t forget to hit Boost and save it for later so you can track how price moves along the rays. Observing these levels in real-time will not only sharpen your skills but also deepen your understanding of how market dynamics work.
Curious about my indicator? The strategy you see here, drawing all the rays and levels automatically, is part of a private setup. If you’re interested in using it, feel free to reach out to me via direct message—I’ll explain how we can make that happen.
Need a custom analysis for your favorite asset? Whether you want it shared publicly or kept private for your eyes only, I’m open to discussing options. Just let me know in the comments or via DM, and I’ll do my best to help.
Remember, these rays work across all assets, and the price often respects them like clockwork. If you want me to mark up specific assets for you, write in the comments and don’t forget to hit Boost. I’ll tackle requests as time permits.
Finally, make sure to follow me here on TradingView for more in-depth ideas and strategies. This is where I share all my updates, and I’d love to have you as part of my trading community.
Let’s trade smarter together! 🚀
XRP’s 1day 50ma about to push XRP price out of the nestWe can see the orange 1day 50ma has now rise up to the bullflag xrp has been consolidating in since its big pump and is ready to shove xrp’s priceaction u out of the nest so it can learn to fly to the next target. I’m gonna go out on a limb here(no pun intended) and make an educated guess that XRP will achieve a new all time high before February. That’s not financial advice obviously but that’s how confident I am in the current market conditions I’m seeing. Let’s see if my guesstimate comes true.
XRP is getting ready to conquer the peaks again!Ripple's CEO has met with a number of US officials, as well as Donald Trump! In addition, XRP is already being used by Bank of America and other large companies. The upcoming IPO will attract a lot of investors! I believe that the IPO will be the final factor and after that the fall will start. My first exit point is $4.4, the second is $5!
Kostenich Alex, Horban Brothers.
XRP Short Scalp IdeaGot into this short trade in XRP.
Looks like it tap into the Key Level on the 15 min TF, and we're getting a little rejection from it.
Risk is small, and Stop Loss is tight. Only bet what you can loose.
Entry: 2.5414
SL: 2.5671
Target: 2.4824
Risk/Reward : 2.25
Trail SL once price nears the profit target. Trade on your own risk.
Happy Trading!
XRP Showing Bullish Momentum with a Bullish Pennant Pattern!XRP is displaying strong bullish momentum as it forms a classic Bullish Pennant Pattern. Over the last few days, XRP has made impressive moves, finding support at the 50 EMA and bouncing off it. This sets up a target price of $2.60 in the near term.
📈 Currently, XRP is consolidating within the pennant. If we see a breakout above the upper trendline, the next target could push the price to $2.80 or higher! This bullish continuation pattern suggests more upside potential for XRP in the days ahead.
If you're excited about XRP's performance :
👍 Smash that like button!
🔔 Follow me for regular updates!
💬 Leave a comment if you have any questions!
Stay tuned as XRP gears up for its next move! 🚀