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
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Trusted CFD Broker
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Trusted Crypto Prop Firm
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
📊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
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.