Entry Point: 3.01949
Target (TP): 3.64783
Stop Loss (SL): 2.96335
Potential Gain: ~20.90%
Risk-Reward Ratio: Excellent setup
🔍 Technical Highlights:
Double Bottom Support Zone: The price formed a strong support around 3.01086–3.01949, showing bullish rejection wicks, indicating potential reversal.
Moving Averages:
Price is attempting to reclaim above the short-term red MA.
A break above the long-term blue MA would confirm bullish momentum
Bullish Reversal Potential: Current price action suggests a possible V-shape recovery targeting previous high near 3.65.
📌 Trade Plan:
Buy Entry: Around 3.01949
Take Profit (TP): 3.64783
Stop Loss (SL): 2.96335
Strategy: Long position aiming for upper resistance zone marked by prior highs. Maintain SL discipline due to recent volatility.
Caution:
Ensure price breaks above the MA lines with volume confirmation before entering aggressively. Adjust stop loss if major news events affect XRP or crypto sentiment.
Target (TP): 3.64783
Stop Loss (SL): 2.96335
Potential Gain: ~20.90%
Risk-Reward Ratio: Excellent setup
🔍 Technical Highlights:
Double Bottom Support Zone: The price formed a strong support around 3.01086–3.01949, showing bullish rejection wicks, indicating potential reversal.
Moving Averages:
Price is attempting to reclaim above the short-term red MA.
A break above the long-term blue MA would confirm bullish momentum
Bullish Reversal Potential: Current price action suggests a possible V-shape recovery targeting previous high near 3.65.
📌 Trade Plan:
Buy Entry: Around 3.01949
Take Profit (TP): 3.64783
Stop Loss (SL): 2.96335
Strategy: Long position aiming for upper resistance zone marked by prior highs. Maintain SL discipline due to recent volatility.
Caution:
Ensure price breaks above the MA lines with volume confirmation before entering aggressively. Adjust stop loss if major news events affect XRP or crypto sentiment.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.