XRP/USD Technical Analysis
Key Levels:
- Resistance: $2.29719 - $2.42730
- Support: $1.91020 - $1.90542
Market Structure:
- XRP/USD is testing a key resistance area near $2.30-$2.42.
- A rejection from this zone could lead to a downside move toward the target area near $1.91.
- If buyers break above resistance, bullish momentum could push prices toward the $2.50-$2.60 range.
Trade Setup:
- Bearish Scenario: Short entry near resistance with a target around $1.91.
- Bullish Scenario: A confirmed breakout above $2.43 could invalidate the bearish outlook.
Conclusion:
Price action favors a short-term bearish bias unless resistance is breached. Traders should monitor price behavior near the key resistance zone for confirmation.
If you enjoy, press the like button.
Key Levels:
- Resistance: $2.29719 - $2.42730
- Support: $1.91020 - $1.90542
Market Structure:
- XRP/USD is testing a key resistance area near $2.30-$2.42.
- A rejection from this zone could lead to a downside move toward the target area near $1.91.
- If buyers break above resistance, bullish momentum could push prices toward the $2.50-$2.60 range.
Trade Setup:
- Bearish Scenario: Short entry near resistance with a target around $1.91.
- Bullish Scenario: A confirmed breakout above $2.43 could invalidate the bearish outlook.
Conclusion:
Price action favors a short-term bearish bias unless resistance is breached. Traders should monitor price behavior near the key resistance zone for confirmation.
If you enjoy, press the like button.
Trade active
Note
Amazing now XRP starts falling towards target...
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💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Related publications
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.