Hello TradingView Community!
This is our first post as we join this amazing community. Today we're taking a look at the XRPUSDT pair on Binance.
After more than 4 months trapped in a descending channel with lower highs and consistent selling pressure, XRP has finally broken out to the upside, closing decisively above the upper trendline on Daily timeframe.
This breakout suggests a potential shift from bearish to bullish trend, marking the end of the corrective phase.
Now price has pulled back and is currently retesting the former channel resistance (now flipped support) around $2.10, which perfectly overlaps with a 3-day Fair Value Gap / imbalance — a clear Point of Interest (POI).
As of this writing, price is testing this zone from above. A bullish reaction here (e.g., rejection of lower wicks, volume increase, or reversal candle) would confirm the flip and open the door for continuation higher.
I'm personally already long from this area, targeting:
• First TP: $2.83 (previous channel high / measured move)
• Main TP: Fibonacci Extension 1.272 (~$3.10 region) → offers ~3:1 RR from entry near the zone
As long as price respects this retest zone as support, the bullish bias remains intact. Watching closely for confirmation on close and volume!
What do you think — ready for the next leg up? 🚀
#XRP #Ripple #Crypto
This is our first post as we join this amazing community. Today we're taking a look at the XRPUSDT pair on Binance.
After more than 4 months trapped in a descending channel with lower highs and consistent selling pressure, XRP has finally broken out to the upside, closing decisively above the upper trendline on Daily timeframe.
This breakout suggests a potential shift from bearish to bullish trend, marking the end of the corrective phase.
Now price has pulled back and is currently retesting the former channel resistance (now flipped support) around $2.10, which perfectly overlaps with a 3-day Fair Value Gap / imbalance — a clear Point of Interest (POI).
As of this writing, price is testing this zone from above. A bullish reaction here (e.g., rejection of lower wicks, volume increase, or reversal candle) would confirm the flip and open the door for continuation higher.
I'm personally already long from this area, targeting:
• First TP: $2.83 (previous channel high / measured move)
• Main TP: Fibonacci Extension 1.272 (~$3.10 region) → offers ~3:1 RR from entry near the zone
As long as price respects this retest zone as support, the bullish bias remains intact. Watching closely for confirmation on close and volume!
What do you think — ready for the next leg up? 🚀
#XRP #Ripple #Crypto
📚 Education | Trade ideas | Market Researches in our FREE TG Channel:
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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.
📚 Education | Trade ideas | Market Researches in our FREE TG Channel:
👉t.me/BMNTrading
👉t.me/BMNTrading
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.