$XRP was moving downwards for the last few days, but now it has broken the upward trendline. Currently, it is being retested, which may be an indication that we may get to see a better uptrend in the future. POSITION MENTION THE CHART 👇 BLUE ENTER 🔵 // BLACK TP ⚫
If we see this coin in 1 hour time frame then we see a symmetrical triangle. which is well known bullish chart pattern. Rsi support bullish because that pattern already breakout resistance line. Volume figure dosen't have resistance to block candels path. Also ema supporting upward momentam.
Total3 market dosen't have that much volume resistance in uper level, also it's pushing candels in the uper sides.If we see ema bands they are also squzing and suppors upward momentam. That's the reason we are confirming dog are going to high.
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XRP (XRP/USDT) is forming a symmetrical triangle on the 1-hour chart
$XRP
A breakout above $2.70 could signal further upside potential. This could be a great opportunity for traders to take advantage of the current market trend. Technical Analysis XRP has been on a strong bullish run, and the current price action suggests that the momentum might continue. The formation of a symmetrical triangle is a classic chart pattern that often precedes a significant price move. Trading Strategy Here's a simple trading strategy for XRP: * Entry: Buy XRP when the price breaks above the $2.70 resistance level. * Stop Loss: Place your stop loss below the recent swing low, around $2.50. * Take Profit Targets: * Target 1: $2.75 * Target 2: $2.85 Remember: * Always use a stop-loss order to limit your potential losses. * Take profits at your predetermined targets. * Do your own research before making any investment decisions. Disclaimer: This is not financial advice. Please consult with a financial advisor before making any investment decisions. Let's keep an eye on XRP and see if it can break above the triangle and reach our targets! Do you have any questions about XRP or this trading strategy? Feel free to ask in the comments below!
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