This 1-hour XRP/USDT chart shows price consolidating inside a descending channel, approaching a critical Fair Value Gap (FVG) zone.
Key Observations:
🔹 FVG Support: Price is testing an area of inefficiency, which could act as a turning point.
🔹 Two Possible Scenarios:
- Bullish Case: If price holds the FVG and breaks upward, a push toward channel resistance is likely.
- Bearish Case: Failure to hold the FVG could result in a drop toward the lower channel boundary.
Which way will XRP move next? 🚀📉 Let’s discuss!
Key Observations:
🔹 FVG Support: Price is testing an area of inefficiency, which could act as a turning point.
🔹 Two Possible Scenarios:
- Bullish Case: If price holds the FVG and breaks upward, a push toward channel resistance is likely.
- Bearish Case: Failure to hold the FVG could result in a drop toward the lower channel boundary.
Which way will XRP move next? 🚀📉 Let’s discuss!
Trade active
a bounce of the FVG is the most plausible right now!
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.
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.