๐ XRP/USDT: Bullish Confluence Across 3 Timeframes โ Spot Buying Opportunity? ๐ฏ
Iโm analyzing XRP from the monthly timeframe down to the daily chart, and the current price action is showing promising bullish signals.
๐น Monthly: Price remains above the 50% level of the monthly FVG and has tapped the monthly order block, suggesting the bullish structure may still be intact.
๐น Weekly: Price pulled back without reaching the 50% level of the weekly FVG, followed by a strong upward reaction. This shows strong buying momentum.
๐น Daily: Price has pulled back into the daily FVG, presenting a potential spot-buying area if bullish confirmation appears.
๐ฏ Target: $3.66
๐ My Plan: Iโm watching for a potential $XRP spot-buying opportunity, with the $3.66 level as my target. Iโll monitor price action for confirmation and reassess if the bullish structure weakens.
โ ๏ธ The setup is not guaranteed. Manage risk and remember that support zones can fail.
๐ฌ Whatโs your view? Can $XRP
reach $3.66 in the next bullish move?
#XRP #XRPUSDT #CryptoAnalysis #XRPLedgerPatchesXRPCreationBug #BinanceSquare
Iโm analyzing XRP from the monthly timeframe down to the daily chart, and the current price action is showing promising bullish signals.
๐น Monthly: Price remains above the 50% level of the monthly FVG and has tapped the monthly order block, suggesting the bullish structure may still be intact.
๐น Weekly: Price pulled back without reaching the 50% level of the weekly FVG, followed by a strong upward reaction. This shows strong buying momentum.
๐น Daily: Price has pulled back into the daily FVG, presenting a potential spot-buying area if bullish confirmation appears.
๐ฏ Target: $3.66
๐ My Plan: Iโm watching for a potential $XRP spot-buying opportunity, with the $3.66 level as my target. Iโll monitor price action for confirmation and reassess if the bullish structure weakens.
โ ๏ธ The setup is not guaranteed. Manage risk and remember that support zones can fail.
๐ฌ Whatโs your view? Can $XRP
reach $3.66 in the next bullish move?
#XRP #XRPUSDT #CryptoAnalysis #XRPLedgerPatchesXRPCreationBug #BinanceSquare