XRP/USDT just broke out of a 5-month sideways structure, finally pushing through the descending trendline (triangle resistance).
We're now testing the key 2.7 zone—a critical area where I believe a strong close with volume is needed to confirm this breakout.
If we get that confirmation, the next upside target is around the previous high near 3.3, followed by Fib extension levels at:
1.618 = 3.81
2.618 = 5.08
The weekly chart supports this breakout idea as well, price held above the previous demand and MACD is slowly curling up.
XRPUSDT Summary:
1. Breakout from triangle confirmed
2. Watching for strong close above 2.7
3. Targets: 3.3 (previous high), 3.81, 5.08
4. Weekly & daily both show structure support
Let’s see if XRP can reclaim its momentum.
We're now testing the key 2.7 zone—a critical area where I believe a strong close with volume is needed to confirm this breakout.
If we get that confirmation, the next upside target is around the previous high near 3.3, followed by Fib extension levels at:
1.618 = 3.81
2.618 = 5.08
The weekly chart supports this breakout idea as well, price held above the previous demand and MACD is slowly curling up.
XRPUSDT Summary:1. Breakout from triangle confirmed
2. Watching for strong close above 2.7
3. Targets: 3.3 (previous high), 3.81, 5.08
4. Weekly & daily both show structure support
Let’s see if XRP can reclaim its momentum.
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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.
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.