📉XRP has been moving inside a falling channel, with sellers maintaining control for several weeks. However, price is now retesting a major weekly support zone around the 1.8–2.0 area, a level that has acted as a strong turning point in the past.
⚔️As long as this support zone holds, we will be looking for bullish reactions and potential long setups, expecting XRP to rebound inside the structure.
🏹If buyers step in, the first obstacle ahead will be the blue supply zone, which aligns perfectly with the upper channel trendline, creating a magnet-like area where price is likely to be drawn before the next decision.
Only a strong breakout above the supply zone would confirm a larger bullish reversal.
What do you think... will XRP defend this support and push higher? Share your view below 👇
⚠️ 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
⚔️As long as this support zone holds, we will be looking for bullish reactions and potential long setups, expecting XRP to rebound inside the structure.
🏹If buyers step in, the first obstacle ahead will be the blue supply zone, which aligns perfectly with the upper channel trendline, creating a magnet-like area where price is likely to be drawn before the next decision.
Only a strong breakout above the supply zone would confirm a larger bullish reversal.
What do you think... will XRP defend this support and push higher? Share your view below 👇
⚠️ 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
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t.me/thesignalyst
Trusted Crypto Exchange
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Trusted CFD Broker
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Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
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📊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.