XRP/USD is trading above a long-term rising trendline, consolidating tightly in a bullish compression pattern.
This setup resembles a classic “coiled spring,” with price tightening just above key support. We’ve had consistent higher lows since late 2024, and the current structure favors a breakout over $2.70, which would open the door for a run to $3.50 and $5.00+
1. Trendline Support: Clean bounce from ~$2.00, higher lows holding since November 2024
2. Resistance: Horizontal resistance at $2.70 is the breakout level
3. RSI: Neutral (~50.88), resetting for a fresh move
4. MACD: Bullish crossover, momentum building slowly
5. Volume: Declining — typical before breakout patterns
A. Buy Zone: $2.00–$2.20 (support touch)
B. Breakout Add-on: Over $2.70 with strong volume
*Risk management is key. The longer this consolidates above trendline support, the stronger the breakout move will be. Of course, all is probability, but this is what I'm seeing.
**Clearly this isn't investment advice, only educational. ALWAYS seek a professional when investing.
This setup resembles a classic “coiled spring,” with price tightening just above key support. We’ve had consistent higher lows since late 2024, and the current structure favors a breakout over $2.70, which would open the door for a run to $3.50 and $5.00+
1. Trendline Support: Clean bounce from ~$2.00, higher lows holding since November 2024
2. Resistance: Horizontal resistance at $2.70 is the breakout level
3. RSI: Neutral (~50.88), resetting for a fresh move
4. MACD: Bullish crossover, momentum building slowly
5. Volume: Declining — typical before breakout patterns
A. Buy Zone: $2.00–$2.20 (support touch)
B. Breakout Add-on: Over $2.70 with strong volume
*Risk management is key. The longer this consolidates above trendline support, the stronger the breakout move will be. Of course, all is probability, but this is what I'm seeing.
**Clearly this isn't investment advice, only educational. ALWAYS seek a professional when investing.
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.
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.