$XRP / USDT: The three EMAs are aligned, and the price is compressing before a breakout 🎯
While overall volume takes a breather, the 4-hour chart structure of $XRP at $1.5168 (-0.04%) is showing one of the best compression setups of the month. The three key moving averages are tightly packed within a range of just one cent.
Forces aligning on the chart:
▪️ Bullish EMA Alignment: The price is trading above the EMA 7 ($1.5086), the EMA 25 ($1.5043), and the EMA 99 ($1.4873). Having all three moving averages stacked from lowest to highest below the price is the hallmark of a healthy trend.
▪️ MACD Momentum: The histogram has returned to positive territory, with the DIF line (0.0026) crossing above the DEA (0.0017), signaling that buyers are regaining control on the 4-hour chart.
▪️ Room on the KDJ (J: 67.52): The indicator is pointing upward but still has plenty of room before reaching extreme overbought levels.
▪️ Supporting Volume: $122.01M USDT traded in the last 24 hours confirms that liquidity is ready to react to a breakout.
The trigger: Breaking and closing a 4-hour candle above the daily high of $1.5217 will activate an expansion toward $1.5882, followed by a retest of the high at $1.6581.
Accumulating during the compression around $1.51, or waiting for confirmation above $1.52? 👇
$XRP #Ripple #BinanceSquare #CryptoTrading #TechnicalAnalysis
While overall volume takes a breather, the 4-hour chart structure of $XRP at $1.5168 (-0.04%) is showing one of the best compression setups of the month. The three key moving averages are tightly packed within a range of just one cent.
Forces aligning on the chart:
▪️ Bullish EMA Alignment: The price is trading above the EMA 7 ($1.5086), the EMA 25 ($1.5043), and the EMA 99 ($1.4873). Having all three moving averages stacked from lowest to highest below the price is the hallmark of a healthy trend.
▪️ MACD Momentum: The histogram has returned to positive territory, with the DIF line (0.0026) crossing above the DEA (0.0017), signaling that buyers are regaining control on the 4-hour chart.
▪️ Room on the KDJ (J: 67.52): The indicator is pointing upward but still has plenty of room before reaching extreme overbought levels.
▪️ Supporting Volume: $122.01M USDT traded in the last 24 hours confirms that liquidity is ready to react to a breakout.
The trigger: Breaking and closing a 4-hour candle above the daily high of $1.5217 will activate an expansion toward $1.5882, followed by a retest of the high at $1.6581.
Accumulating during the compression around $1.51, or waiting for confirmation above $1.52? 👇
$XRP #Ripple #BinanceSquare #CryptoTrading #TechnicalAnalysis
