XRP/USDT Analysis ๐๐ฅ
๐น XRP is moving within a bullish channel on the 4-hour timeframe, showing positive signs for a continuation of the uptrend.
๐ Key Levels:
Strong Support: ๐ช $2.68 (critical level for potential bounce if correction happens).
Major Resistance: ๐ $3.70 (next target for breakout).
๐ Trend Analysis:
A significant pump was seen in the previous move, and the price is now in a consolidation phase.
Breaking out of the triangle pattern could define the next trend direction:
An upward breakout targets the $3.70 resistance ๐ข.
A downward move could retest the $2.68 support ๐ด.
โจ Suggestion:
Wait for a breakout confirmation and trade accordingly. Keep an eye on how the market reacts to the support and resistance levels. ๐
๐น XRP is moving within a bullish channel on the 4-hour timeframe, showing positive signs for a continuation of the uptrend.
๐ Key Levels:
Strong Support: ๐ช $2.68 (critical level for potential bounce if correction happens).
Major Resistance: ๐ $3.70 (next target for breakout).
๐ Trend Analysis:
A significant pump was seen in the previous move, and the price is now in a consolidation phase.
Breaking out of the triangle pattern could define the next trend direction:
An upward breakout targets the $3.70 resistance ๐ข.
A downward move could retest the $2.68 support ๐ด.
โจ Suggestion:
Wait for a breakout confirmation and trade accordingly. Keep an eye on how the market reacts to the support and resistance levels. ๐
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.