XRP / TetherUS
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XRP Breakdown Risk: Triangle + Resistance = Drop

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XRP(XRPUSDT) is moving within a resistance zone($2.32-$2.19) and has shown notable reactions to the resistance line and the Potential Reversal Zone(PRZ)[$2.29-$2.24].

From a technical analysis perspective, it seems that XRP has formed a Symmetrical Triangle Pattern. If the lower line of this pattern is broken, it would align with our analysis.

Additionally, from an Elliott Wave theory standpoint, we expect the next corrective wave for XRP, and a break of that lower triangle line would confirm this expectation.

I expect that in the upcoming hours, XRP will begin a downward trend and test the support zone($2.16-$2.11). If it breaks through that support, we can expect further declines toward the next support zone($2.04-$2.00) and Cumulative Long Liquidation Leverage($2.04-$2.02).

First Target: $2.133

Second Target: $2.069

Third Target: $2.043

Stop Loss(SL): $2.330

Cumulative Short Liquidation Leverage: $2.30-$2.25

Cumulative Long Liquidation Leverage: $2.16-$2.13

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📌 XRP Analyze (XRPUSDT), 1-hour time frame.

🛑 Always set a Stop Loss(SL) for every position you open.

✅ This is just my idea; I’d love to see your thoughts too!

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交易進行
Trade was activated in Cumulative Short Liquidation Leverage: $2.30-$2.25
交易結束:目標達成
快照

Full Target Done

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