By analyzing the #XRP chart on the weekly timeframe, we can see that price is currently trading around the $1.41 region, delivering more than 5% growth since the previous update. More importantly, XRP is forming a solid accumulation base between $1.25 – $1.38, which typically signals preparation for a stronger impulsive move.
From a structural perspective, as long as price holds above this demand zone, the bullish outlook remains intact and the probability of a breakout increases. In my view, this consolidation is not weakness, it’s smart money positioning before expansion.
If momentum builds, the next upside targets are $1.50, followed by $1.65, then $1.80, and potentially $2.00 as the next major resistance zone. That said, if price loses the $1.25 support, this bullish scenario would weaken, but right now the structure clearly favors continuation higher.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
From a structural perspective, as long as price holds above this demand zone, the bullish outlook remains intact and the probability of a breakout increases. In my view, this consolidation is not weakness, it’s smart money positioning before expansion.
If momentum builds, the next upside targets are $1.50, followed by $1.65, then $1.80, and potentially $2.00 as the next major resistance zone. That said, if price loses the $1.25 support, this bullish scenario would weaken, but right now the structure clearly favors continuation higher.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
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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.