XRP is breaking out of a descending wedge structure on the daily chart after weeks of consolidation. Price is reclaiming moving averages (50 EMA & 100 EMA), showing renewed bullish momentum.
✏️ Entry Zone: ~$3.05
✏️ Target (TP): $5.00 (major resistance from previous high)
✏️ Stop-Loss (SL): ~$2.70(below support / invalidation level)
✏️ Risk/Reward Ratio: 1:6
Key Points
- Daily structure shows a series of higher lows holding strong.
- Breakout accompanied by volume confirmation suggests buyers stepping in.
- If price sustains above the breakout trendline, momentum could extend toward $5+.
- Losing $2.70 support would invalidate the bullish setup.
Cheers
Hexa
✏️ Entry Zone: ~$3.05
✏️ Target (TP): $5.00 (major resistance from previous high)
✏️ Stop-Loss (SL): ~$2.70(below support / invalidation level)
✏️ Risk/Reward Ratio: 1:6
Key Points
- Daily structure shows a series of higher lows holding strong.
- Breakout accompanied by volume confirmation suggests buyers stepping in.
- If price sustains above the breakout trendline, momentum could extend toward $5+.
- Losing $2.70 support would invalidate the bullish setup.
Cheers
Hexa
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。