Crypto is now getting adapted , so applying technical analysis is helping making good money. Like equity markets and fundamentals , potentials coins will also move that way. XRP having a great potential in future with finance and it's innovation. Just in 5 years we gonna have a great zig-zag ride to the moon.
On daily chart it had breakout from triangle pattern and then started consolidating in a zone
on hourly it is on support side on consolidation range and created a triangle with a breakout
om 15-30 mins there is one more side ways consolidation rectangle, after the breakout and retest we can initiate the trade
with good RR of 1:3.5 and 11 percent move...
XRPUSDT Graph 4h.
Reason and Confluences:
1.Equal Rsi divergence on the both time frame daily and 4h.
2.there's a clean falling wedge pattern.
3.following double bottom.
interesting to see If and Then scenario how will it work out.
Fear stands for - False Evidence Appearing Real.
#XRPUSDT #cryptocurrency #TradingView @in_tradingview
#1 Key Highlights:
* Ripple(XRP/USD) price surged 10%+ recently.\u2028
* It broke short-term downtrend line(black).\u2028
* Resistance level $0.32+ tested and now in correcting phase.\u2028
* Possible S/R flip in play.\u2028
#2 Chart Analysis:
If we see the XRP technical analysis today for hourly (4H) time frame chart, it has broken the short-term downtrend...
Right Its Look like that its holding Trend line support Area .
With the help of S&R We have find some targets and Stop loss Area
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
