Technical analysis done by me, however I am sure many people have been bullish on this token due to recent news of it beating the SEC in the court case in regards to XRP being a Security and I am happy to hear they were able to win this case for the crypto industry.
So we have sentiment / market news also triggering XRP to push higher wish gives me more confirmations to trust that XRP can reach these levels again.
We can see that it has broken that bearish trend that we have been seeing we were under after reaching $1.96 highs in April 12, 2021.
Bounced off of the OB and broke structure creating a MSS inside of a FVG leading to the bullish price action we saw once news was released of the XRP CASE on July 10, 2023.
These is my current perspective. Off of that previous weekly level high and low we are holding pretty strong at that 50%. I would like to see that continue to hold strong and push for higher prices hopefully by next week if my bias were to unfold the way I am envisioning this bias.
My target areas are 1.18110 for TP1
and 1.4155 for TP2.
Not financial advice obviously as I am still learning how to trade properly but I really enjoy doing this so let me know if it is helpful to anyone and let's see if this unfolds!!
So we have sentiment / market news also triggering XRP to push higher wish gives me more confirmations to trust that XRP can reach these levels again.
We can see that it has broken that bearish trend that we have been seeing we were under after reaching $1.96 highs in April 12, 2021.
Bounced off of the OB and broke structure creating a MSS inside of a FVG leading to the bullish price action we saw once news was released of the XRP CASE on July 10, 2023.
These is my current perspective. Off of that previous weekly level high and low we are holding pretty strong at that 50%. I would like to see that continue to hold strong and push for higher prices hopefully by next week if my bias were to unfold the way I am envisioning this bias.
My target areas are 1.18110 for TP1
and 1.4155 for TP2.
Not financial advice obviously as I am still learning how to trade properly but I really enjoy doing this so let me know if it is helpful to anyone and let's see if this unfolds!!