XRP / TetherUSLong
XRP/USDT Analysis Update
As expected, XRP has been transitioning from the correction phase to setting up for the next impulse move. The recent upward momentum, coupled with higher volume, confirms the correction phase may be nearing its end.
📌 Key Observations:
1️⃣ Demand Zone: The recent move has created a demand zone and left an imbalance below, which price could revisit.
2️⃣ Two Scenarios Ahead:
Scenario 1: Price consolidates in the current range before pushing higher, supported by strong volume.
Scenario 2: Price briefly dips to mitigate the demand zone and fill the imbalance, then resumes its upward trend.
🎯 Targets:
Short-Term: $3 remains the immediate target for traders.
Long-Term: Fundamentals suggest room for much higher levels in the coming weeks.
With the market positioning itself for the next impulse, this could be a prime opportunity to prepare for a breakout. Stay patient and watch the key levels closely! 🔥
📌 Key Observations:
1️⃣ Demand Zone: The recent move has created a demand zone and left an imbalance below, which price could revisit.
2️⃣ Two Scenarios Ahead:
Scenario 1: Price consolidates in the current range before pushing higher, supported by strong volume.
Scenario 2: Price briefly dips to mitigate the demand zone and fill the imbalance, then resumes its upward trend.
🎯 Targets:
Short-Term: $3 remains the immediate target for traders.
Long-Term: Fundamentals suggest room for much higher levels in the coming weeks.
With the market positioning itself for the next impulse, this could be a prime opportunity to prepare for a breakout. Stay patient and watch the key levels closely! 🔥
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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.
🌟 Join our trading community for insights, strategies, and market updates! 🚀 discord.gg/eWPngqQsZS 🌐
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.