Let’s break this one down step by step.
On the left chart, (Weekly chart) XRP just rejected a very strong weekly support zone around $1.75 – $1.90. This level has been rejected multiple times in the past, and once again, buyers stepped in!
Now shifting to the right chart, (Daily chart) this is where things get interesting.
After months of downside pressure, momentum officially flipped from bearish to bullish. XRP managed to:
• Break above the falling red channel
• Take out the last major daily high marked in blue
That’s a classic sign of a momentum shift, not just a random bounce.
At the moment, price is correcting, which is healthy after such a move.
As long as this correction remains controlled, my focus is simple:
I’ll be looking for longs, targeting the supply zone marked in green above.
If structure continues to hold, dips are no longer something to fear... they’re something to watch closely.
Is this the start of a larger XRP rotation… or just the first step? 🤔
⚠️ 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
On the left chart, (Weekly chart) XRP just rejected a very strong weekly support zone around $1.75 – $1.90. This level has been rejected multiple times in the past, and once again, buyers stepped in!
Now shifting to the right chart, (Daily chart) this is where things get interesting.
After months of downside pressure, momentum officially flipped from bearish to bullish. XRP managed to:
• Break above the falling red channel
• Take out the last major daily high marked in blue
That’s a classic sign of a momentum shift, not just a random bounce.
At the moment, price is correcting, which is healthy after such a move.
As long as this correction remains controlled, my focus is simple:
I’ll be looking for longs, targeting the supply zone marked in green above.
If structure continues to hold, dips are no longer something to fear... they’re something to watch closely.
Is this the start of a larger XRP rotation… or just the first step? 🤔
⚠️ 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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t.me/thesignalyst
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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
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
📊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
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.