XRP is stretching, but the bullish stack on the 4h chart is still intact.
📊 $XRP /USDT · Trend: LONG (Strong) · 7/12 signals in agreement
Technical outlook: STRONG LONG. 7/12 signals in agreement, 1 opposing signal.
What supports it (7):
• 4h trend: price > EMA50 > EMA200, bullish stacking
• 1h trend: price > EMA50 > EMA200, bullish stacking
• Trend strength (ADX/DI, 15m): ADX 24.9 with buyers controlling (DI+ 25.2 vs DI− 17.0)
• BTC context: BTC trend is bullish and correlation is 0.69
What goes against it (1):
• Distance from EMA50 on the 1h chart: +3.8 ATR vs EMA50 on the 1h chart—overextended and at risk of a pullback
Quick analysis of XRP 🧵
1️⃣ The daily trend is sideways, while the 4h mode is trending, leaning toward a LONG continuation.
2️⃣ The 1h trend shows price is above EMA50 and EMA200, with ADX at 24.9 and buyers controlling.
3️⃣ Enter around 1.5045, targets at 1.5570, 1.5920, and 1.6445 with 1h ATR at 0.01945.
4️⃣ Invalidate the setup if price closes below 1.3727, because it is currently overextended by 3.8 ATR vs EMA50 on the 1h chart.
Where the levels are:
🎯 TP3: 1.6445
🎯 TP2: 1.5920
🎯 TP1: 1.5570
📍 Entry: 1.5017 – 1.5073
🛑 SL: 1.4345
Your opinion:
If the 1h EMA50 acts as resistance here, where would you place your stop?
Chart with all levels 👇
📊 $XRP /USDT · Trend: LONG (Strong) · 7/12 signals in agreement
Technical outlook: STRONG LONG. 7/12 signals in agreement, 1 opposing signal.
What supports it (7):
• 4h trend: price > EMA50 > EMA200, bullish stacking
• 1h trend: price > EMA50 > EMA200, bullish stacking
• Trend strength (ADX/DI, 15m): ADX 24.9 with buyers controlling (DI+ 25.2 vs DI− 17.0)
• BTC context: BTC trend is bullish and correlation is 0.69
What goes against it (1):
• Distance from EMA50 on the 1h chart: +3.8 ATR vs EMA50 on the 1h chart—overextended and at risk of a pullback
Quick analysis of XRP 🧵
1️⃣ The daily trend is sideways, while the 4h mode is trending, leaning toward a LONG continuation.
2️⃣ The 1h trend shows price is above EMA50 and EMA200, with ADX at 24.9 and buyers controlling.
3️⃣ Enter around 1.5045, targets at 1.5570, 1.5920, and 1.6445 with 1h ATR at 0.01945.
4️⃣ Invalidate the setup if price closes below 1.3727, because it is currently overextended by 3.8 ATR vs EMA50 on the 1h chart.
Where the levels are:
🎯 TP3: 1.6445
🎯 TP2: 1.5920
🎯 TP1: 1.5570
📍 Entry: 1.5017 – 1.5073
🛑 SL: 1.4345
Your opinion:
If the 1h EMA50 acts as resistance here, where would you place your stop?
Chart with all levels 👇
