XRP $1.95DISCLAIMER:
This analysis is for educational and informational purposes only and does not constitute financial advice. I am not a licensed financial advisor or professional trader. Always do your own research and consult with a qualified financial professional before making any trading decisions.
XRP/USD โ Bearish Rejection from Resistance Zone Targets 2.0686XRP/USD Bearish Reversal Setup โ H1 Chart ๐
Analysis:
Entry Point: Price entered a short zone near 2.21828, which aligns with a previous resistance zone.
Bearish Rejection: The price formed a rejection wick and bearish candle at the resistance, signaling a potential reversal.
EMA Confluence: The
Wait for XRPXRP has been consolidating above the $2 level for nearly seven months.
The current resistance is defined by a descending trendline that originates from mid-January 2025.
A breakout above this trendline would signal renewed bullish momentumโand could present a strong entry opportunity.
Disclaimer
Xrp - The expected rally of +50%!Xrp - CRYPTO:XRPUSD - is still clearly bullish:
(click chart above to see the in depth analysis๐๐ป)
Ever since Xrp rallied more than +550% in the end of 2024, we have been witnessing a quite expected consolidation. However Xrp still remains rather bullish and can easily retest the previous all
XRPUSD Double BottomHi all, looking on the weekly, this might be a larger run ahead of us.
The weekly shows a Double Bottom, With Hidden Bullish Divergence.
Should reach $4.5 according to the larger cup size, maybe $5.
The divergence makes it more probable to break out.
Not financial advice, just my next move.
Happy
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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