📉XRP has been moving inside a falling channel, with sellers maintaining control for several weeks. However, price is now retesting a major weekly support zone around the 1.8–2.0 area, a level that has acted as a strong turning point in the past.
⚔️As long as this support zone holds, we will be looking for bullish reactions and potential long setups, expecting XRP to rebound inside the structure.
🏹If buyers step in, the first obstacle ahead will be the blue supply zone, which aligns perfectly with the upper channel trendline, creating a magnet-like area where price is likely to be drawn before the next decision.
Only a strong breakout above the supply zone would confirm a larger bullish reversal.
What do you think... will XRP defend this support and push higher? Share your view below 👇
⚠️ 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
⚔️As long as this support zone holds, we will be looking for bullish reactions and potential long setups, expecting XRP to rebound inside the structure.
🏹If buyers step in, the first obstacle ahead will be the blue supply zone, which aligns perfectly with the upper channel trendline, creating a magnet-like area where price is likely to be drawn before the next decision.
Only a strong breakout above the supply zone would confirm a larger bullish reversal.
What do you think... will XRP defend this support and push higher? Share your view below 👇
⚠️ 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
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📊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
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。