#XRP $XRP
The situation with XRP is pretty unclear.
It looks like it has broken the downtrend structure, but at the same time, there’s a liquidity magnet around $0.65–$0.83.
I can’t say for certain that XRP won’t retest its lows. We’ll need to watch how price reacts when it reaches the nearest support zone at $1.03–$1.25.
Going long right now is definitely risky in my view, simply because the asset is currently sitting at a major resistance level.
If we keep it simple, I’ve marked the approximate accumulation zones on the chart.
After accumulation, my targets will be aimed at taking out the current high at $3.66.
Not financial advice. Manage your risk, and good luck with your trades! 📈
The situation with XRP is pretty unclear.
It looks like it has broken the downtrend structure, but at the same time, there’s a liquidity magnet around $0.65–$0.83.
I can’t say for certain that XRP won’t retest its lows. We’ll need to watch how price reacts when it reaches the nearest support zone at $1.03–$1.25.
Going long right now is definitely risky in my view, simply because the asset is currently sitting at a major resistance level.
If we keep it simple, I’ve marked the approximate accumulation zones on the chart.
After accumulation, my targets will be aimed at taking out the current high at $3.66.
Not financial advice. Manage your risk, and good luck with your trades! 📈
