Short term TA for XRP
XRP is currently consolidating within a narrow range between 2.37 and 2.38, following a recent upward move. While a decisive breakout above the 2.40 resistance level remains pending, this consolidation period could be interpreted as a sign of strength.
In the near term, a cautious outlook is warranted as the price has yet to confirm a sustained upward trajectory. However, the current price action may be indicative of accumulation and base-building, potentially setting the stage for a future advance.
Longer-term prospects for XRP appear positive, with the cryptocurrency demonstrating a consistent pattern of higher highs and higher lows. This suggests an underlying bullish trend, although patience may be required for further upside momentum to materialize.
Traders and investors are advised to closely monitor key indicators such as trading volume and momentum, as well as news and developments related to XRP, to gauge the likelihood of a breakout and subsequent price appreciation.
In the near term, a cautious outlook is warranted as the price has yet to confirm a sustained upward trajectory. However, the current price action may be indicative of accumulation and base-building, potentially setting the stage for a future advance.
Longer-term prospects for XRP appear positive, with the cryptocurrency demonstrating a consistent pattern of higher highs and higher lows. This suggests an underlying bullish trend, although patience may be required for further upside momentum to materialize.
Traders and investors are advised to closely monitor key indicators such as trading volume and momentum, as well as news and developments related to XRP, to gauge the likelihood of a breakout and subsequent price appreciation.
Trade active
Trade active LONG entry at $2.4650 above both the $2.40 and $2.45 resistance which will now act as immediate support levels.
SL at $2.4450 just below the $2.45 support although I don't feel that we are heading that direction anymore as the RSI has smoothed and buyer interest in gaining.
Trade closed manually
Manual closet @ 2.48 to take profit at ELLIOT WAVE shows retracement and technicals support it. Currently trading below my original entry price.
Will re-enter either 2.41 or 2.44
Host of The BadAss Bitches Guide To Crypto - available NOW on Spotify & Riverside.fm
Not to be interpreted as financial advice, I'm NOT a licenced professional, just a mama gone rouge 🚀
Beauty and Brains does exist 🪄✨
Not to be interpreted as financial advice, I'm NOT a licenced professional, just a mama gone rouge 🚀
Beauty and Brains does exist 🪄✨
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.
Host of The BadAss Bitches Guide To Crypto - available NOW on Spotify & Riverside.fm
Not to be interpreted as financial advice, I'm NOT a licenced professional, just a mama gone rouge 🚀
Beauty and Brains does exist 🪄✨
Not to be interpreted as financial advice, I'm NOT a licenced professional, just a mama gone rouge 🚀
Beauty and Brains does exist 🪄✨
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.