XRPUSDT.3S trade ideas
XRP/USDT: Cracking the Rising Wedge - Stay Alert!💎 Paradisers, zoom in on XRP/USDT on the 1-hour chart. It's sketching out a rising wedge pattern. At the moment, it's hovering near the demand zone and the supportive trendline, potentially ensnaring some traders.
💎 Historically, it's bounce back from supportive trendline about five times. This could hint at a robust foundation for XRP, making it a contender for long-term considerations. If XRP/USDT manages to take support, we're eyeing ascents to resistance points at 0.5648 and possibly 0.6177. However, a dip below the 0.4492 demand zone might signal a descent towards 0.41111 and 0.3588.
💎 Word on the street is that there's some XRP-related news circulating. It's crucial to keep these levels on your radar and stay nimble, ensuring you seize every opportunity. Navigate wisely, ParadiseSquad!
XRPUSDT Trade idea - Support and ResistanceRipple XRPUSDT Trade idea and support and resistance zone.
XRPUSDT is trading at 0.6836
XRPUSDT Support
Support Zone 1 - 0.5626
Support Zone 2 - 0.4800
XRPUSDT Resistance
Resistance Zone 1 - 0.7900
Resistance Zone 2 - 0.8293
One can start accumulating 30- 40% at Support 1 and rest at below levels.
XRPUSDT False BreakoutLow Volume, Weak breakout, Probable will not sustain
However, it's important to note that market investments come with inherent risks, and accurately predicting breakouts or price movements is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.