Hi
XRPUSDT appears overall bullish, although the current structure remains subject to the 1.0800 low and the reaction from the 1.1825 high, which keeps the present wave slightly bearish.
A higher low holding above 1.1015 could potentially shift the short-term tone back toward bullish continuation. Price is currently approaching a resistance area, where rejection remains possible.
If price loses the 1.1015 level, the move could extend toward the exposed lows below. A scenario like this is typically accompanied by sharp and volatile price action, i.e., spikey.
Happy Trading,
K
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own analysis and apply proper risk management
XRPUSDT appears overall bullish, although the current structure remains subject to the 1.0800 low and the reaction from the 1.1825 high, which keeps the present wave slightly bearish.
A higher low holding above 1.1015 could potentially shift the short-term tone back toward bullish continuation. Price is currently approaching a resistance area, where rejection remains possible.
If price loses the 1.1015 level, the move could extend toward the exposed lows below. A scenario like this is typically accompanied by sharp and volatile price action, i.e., spikey.
Happy Trading,
K
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own analysis and apply proper risk management
Trade closed: target reached
😴
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.
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.