Yello, are you prepared for XRP’s next move as it approaches a critical breakout zone, or will this turn into another rejection that catches traders off guard?
💎XRPUSDT is still moving within a well-respected descending channel, indicating a controlled pullback rather than a full bearish trend. The structure remains clean, with price reacting precisely to both the descending resistance and support, which makes the current setup highly technical and predictable if approached with patience.
💎At the moment, price is testing the upper boundary of the channel around the $1.35–$1.36 region. This level has acted as dynamic resistance multiple times, and once again, #XRP is showing a reaction here. A strong 4H candle close above this trendline is required to confirm a breakout. Without that, this remains just another potential rejection zone.
💎 If buyers manage to push the price above this resistance with conviction, the next immediate target sits at $1.48–$1.50, which aligns with horizontal resistance. A successful continuation above that level opens the path toward the #1.70 major resistance, where significant supply is expected.
💎However, if this breakout fails and XRP gets rejected again, the price is likely to rotate back toward the $1.30 major support. This level is crucial, as it has already held multiple times. A clean breakdown and 4H close below $1.30 would weaken the structure significantly and expose the market to a move toward $1.20, which acts as the next invalidation zone.
This is a high-probability reaction zone, not a guessing game. The smart approach here is to let the market confirm its intention before taking any position.
MyCryptoParadise
iFeel the success🌴
💎XRPUSDT is still moving within a well-respected descending channel, indicating a controlled pullback rather than a full bearish trend. The structure remains clean, with price reacting precisely to both the descending resistance and support, which makes the current setup highly technical and predictable if approached with patience.
💎At the moment, price is testing the upper boundary of the channel around the $1.35–$1.36 region. This level has acted as dynamic resistance multiple times, and once again, #XRP is showing a reaction here. A strong 4H candle close above this trendline is required to confirm a breakout. Without that, this remains just another potential rejection zone.
💎 If buyers manage to push the price above this resistance with conviction, the next immediate target sits at $1.48–$1.50, which aligns with horizontal resistance. A successful continuation above that level opens the path toward the #1.70 major resistance, where significant supply is expected.
💎However, if this breakout fails and XRP gets rejected again, the price is likely to rotate back toward the $1.30 major support. This level is crucial, as it has already held multiple times. A clean breakdown and 4H close below $1.30 would weaken the structure significantly and expose the market to a move toward $1.20, which acts as the next invalidation zone.
This is a high-probability reaction zone, not a guessing game. The smart approach here is to let the market confirm its intention before taking any position.
MyCryptoParadise
iFeel the success🌴
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🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.