XRP’s HTF was bearish and could set a pullback retest on the key price zone of $0.407 - $0.434. The zone was key resistance in late November/ early Q1 2023 but was flipped to support in Q2 2023.
If the zone doesn’t crack, a positive price reaction could offer a long opportunity, targeting the bearish OB and a recent lower high of $0.527.
Entry: $0.434
Target: $0.527
Exit: $0.407
RR- 3:3
If the zone doesn’t crack, a positive price reaction could offer a long opportunity, targeting the bearish OB and a recent lower high of $0.527.
Entry: $0.434
Target: $0.527
Exit: $0.407
RR- 3:3
The intended entry wasn't tested, but price cleared the recent highs after Ripple Labs landmark ruling.