As expected, XRP has been transitioning from the correction phase to setting up for the next impulse move. The recent upward momentum, coupled with higher volume, confirms the correction phase may be nearing its end.
📌 Key Observations:
1️⃣ Demand Zone: The recent move has created a demand zone and left an imbalance below, which price could revisit.
2️⃣ Two Scenarios Ahead:
Scenario 1: Price consolidates in the current range before pushing higher, supported by strong volume.
Scenario 2: Price briefly dips to mitigate the demand zone and fill the imbalance, then resumes its upward trend.
🎯 Targets:
Short-Term: $3 remains the immediate target for traders.
Long-Term: Fundamentals suggest room for much higher levels in the coming weeks.
With the market positioning itself for the next impulse, this could be a prime opportunity to prepare for a breakout. Stay patient and watch the key levels closely! 🔥
📌 Key Observations:
1️⃣ Demand Zone: The recent move has created a demand zone and left an imbalance below, which price could revisit.
2️⃣ Two Scenarios Ahead:
Scenario 1: Price consolidates in the current range before pushing higher, supported by strong volume.
Scenario 2: Price briefly dips to mitigate the demand zone and fill the imbalance, then resumes its upward trend.
🎯 Targets:
Short-Term: $3 remains the immediate target for traders.
Long-Term: Fundamentals suggest room for much higher levels in the coming weeks.
With the market positioning itself for the next impulse, this could be a prime opportunity to prepare for a breakout. Stay patient and watch the key levels closely! 🔥
🌟 Join our trading community for insights, strategies, and market updates! 🚀 discord.gg/eWPngqQsZS 🌐
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🌟 Join our trading community for insights, strategies, and market updates! 🚀 discord.gg/eWPngqQsZS 🌐
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.