💧 XRP 4H: Range Breakout-Retest LONG Setup
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📈 Trend: Turning up short term. XRP trades 1.2606 (+0.8% 24H) and just pushed above its 3-day range top near 1.2620, testing EMA20 1.2593. EMA50 1.2781 and EMA200 1.3394 still sit above.
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🧱 Resistance: 1.2646 (24H high), 1.2740, then 1.2780-1.2900
🛟 Support: 1.2530-1.2570 (old range top), 1.2423 (range low), Oct 30 wick 1.2002
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🎯 Plan:
Entry zone: 1.2530-1.2570 on a retest
Stop loss: 1.2410
TP1: 1.2740
TP2: 1.2900
TP3: 1.3100
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🧠 Reasoning: three days of tight basing after the Oct 30 flush, now a breakout candle. Holding the old range top keeps buyers in control. A 4H close below 1.2410 cancels it.
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⚠️ Risk: size small, move SL to entry after TP1. Not financial advice. DYOR.
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$XRP $BTC
#XRP #TechnicalAnalysis #CryptoTrading #BinanceSquare
⠀
📈 Trend: Turning up short term. XRP trades 1.2606 (+0.8% 24H) and just pushed above its 3-day range top near 1.2620, testing EMA20 1.2593. EMA50 1.2781 and EMA200 1.3394 still sit above.
⠀
🧱 Resistance: 1.2646 (24H high), 1.2740, then 1.2780-1.2900
🛟 Support: 1.2530-1.2570 (old range top), 1.2423 (range low), Oct 30 wick 1.2002
⠀
🎯 Plan:
Entry zone: 1.2530-1.2570 on a retest
Stop loss: 1.2410
TP1: 1.2740
TP2: 1.2900
TP3: 1.3100
⠀
🧠 Reasoning: three days of tight basing after the Oct 30 flush, now a breakout candle. Holding the old range top keeps buyers in control. A 4H close below 1.2410 cancels it.
⠀
⚠️ Risk: size small, move SL to entry after TP1. Not financial advice. DYOR.
⠀
$XRP $BTC
#XRP #TechnicalAnalysis #CryptoTrading #BinanceSquare
