On the XRP chart, a triple bottom formation has appeared. At the moment, the price is attempting to rise but has already reacted from a key moving average and remains below the weekly pivot point at 2.85.
I expect a reversal from the 2.78–2.81 area, but a break of 2.76 without a quick recovery would worsen the overall picture for XRP. A move below 2.69 could send the price toward the first target at 2.55, followed by a reaction from 2.47.
A breakout above 2.92 would invalidate the large descending triangle scenario, with the next upside target at 3.03.
I expect a reversal from the 2.78–2.81 area, but a break of 2.76 without a quick recovery would worsen the overall picture for XRP. A move below 2.69 could send the price toward the first target at 2.55, followed by a reaction from 2.47.
A breakout above 2.92 would invalidate the large descending triangle scenario, with the next upside target at 3.03.
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✅My Telegram
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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.