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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📘 Wanna Learn ICT & SMC? Get the Full Book Here : bit.ly/ICT-BOOK
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
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관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.