XRPUSDT Analysis – 4H TimeframeXRPUSDT is showing bearish signs with a head and shoulders pattern confirmed and a neckline breakdown around the 2.200 level. This suggests a potential sell-off is underway.Breakdown Confirmation:
Entry Level (Neckline): 2.200
Pattern: Head & Shoulders
Trend: Uptrend Breakdown
Technical Targets:📌
#🎯1st Target: 1.9300
#🎯2nd Target: 1.7400
#🎯3rd Target: 1.6800
#If you’re trading this setup, manage your risk accordingly and watch for confirmation candles.
Trade active
XRPUSDT Update – 4H TimeframeThe entry level at 2.2000 has been touched, and the short position is now active.
Currently monitoring the move toward our technical targets after the head & shoulders neckline breakdown.
Active Short Entry: 2.2000
Technical Targets in Play:📌
🎯1st Target: 1.9300
🎯2nd Target: 1.7400
🎯3rd Target: 1.6800
Momentum favors the bears—watch price action closely at each level. Stick to your strategy and manage risk!
Trade closed: stop reached
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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.