XRP ANALYSIS: CLOSING IN ON LONG ENTRY!
Updated
XRP ANALYSIS:
XRP bears are pushing back down into a well known support block. Im expecting one more wick to clear a double bottom right near 2550 - 2610 sats. This would put XRP right into major support and at a prime entry for long position. After entry, look for a push back UP towards T1 at 2760 sats, T2 at 2880 sats, and T3 at 3020 sats! If you notice, XRP has been bouncing back and forth between that daily resistance and the support. This is great time to play the accumulation zone. If XRP drops below support, this play is invalidated. Otherwise, look for entry as listed and take profit accordingly.
Possible Entries: 2550-2610 sats
XRP bears are pushing back down into a well known support block. Im expecting one more wick to clear a double bottom right near 2550 - 2610 sats. This would put XRP right into major support and at a prime entry for long position. After entry, look for a push back UP towards T1 at 2760 sats, T2 at 2880 sats, and T3 at 3020 sats! If you notice, XRP has been bouncing back and forth between that daily resistance and the support. This is great time to play the accumulation zone. If XRP drops below support, this play is invalidated. Otherwise, look for entry as listed and take profit accordingly.
Possible Entries: 2550-2610 sats
Trade closed: target reached
Target 1 HIT!Trade closed: target reached
Target 2 HIT!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.