XRP has been overall bearish, trading within the falling red channel.
Price is currently approaching a very strong confluence zone.
Where are we now?
XRP is retesting the intersection of:
• Lower bound of the falling channel 🔻
• Major support zone in blue 🔵
• Psychological round number at $1
This creates a high-probability reaction area.
What’s the plan?
As long as this zone holds,
we will be looking for long-term longs 📈
A clean bullish reaction from this area could trigger a move back toward:
• The upper bound of the channel
• The red resistance zone above
When does this fail?
If XRP breaks below this confluence zone decisively,
then the bullish scenario is invalidated ❌
And further downside becomes likely.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Price is currently approaching a very strong confluence zone.
Where are we now?
XRP is retesting the intersection of:
• Lower bound of the falling channel 🔻
• Major support zone in blue 🔵
• Psychological round number at $1
This creates a high-probability reaction area.
What’s the plan?
As long as this zone holds,
we will be looking for long-term longs 📈
A clean bullish reaction from this area could trigger a move back toward:
• The upper bound of the channel
• The red resistance zone above
When does this fail?
If XRP breaks below this confluence zone decisively,
then the bullish scenario is invalidated ❌
And further downside becomes likely.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.