XRPLong
The Calm Before the Breakout: XRP’s Next Move
The chart for XRPUSD shows several bullish signals, pointing towards a potential breakout. The price is currently trading above the EMA Ribbon, a clear sign of sustained bullish momentum. Although the TSI (True Strength Index) had been in a downtrend, it has now crossed above the zero line, signaling a shift in momentum. Historically, similar TSI crossovers while the price is above the Ribbon have led to significant upward moves.
The price recently rejected the 0.9200 resistance level but has been consistently forming higher lows, indicating growing bullish pressure. Additionally, despite the last bearish signal from the Signal Builder, the price quickly rebounded, showing strong resilience.
With the ascending wedge pattern in play, a breakout above 0.9200 seems imminent. The next major target lies at 4.2800, based on weekly Fibonacci projections and historical resistance levels.
👨🏻💻💭 What’s your take on XRP’s potential? Could we be gearing up for a massive rally? Let’s discuss!
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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.