XRPUSDT| SND Bullish Price Forecast for 3-Hourly Time FrameHi there,
The three candles in the 3-hourly time frame are weak in bullish volume, so a drop is anticipated to go near the 0.5497 zone. We might see a pullback in that zone, or the price might even drop further, but the reason for the pullback will be due to bullish momentum in a higher time frame.
So there needs to be a higher low above the 0.5 Fibonacci or the 0.382 for a bullish sign, and that might take the price up to 0.58 or into the supply zone of 0.6.
But if the price breaks the demand zone all the way through to breach the invalidation line, then the setup will be nullified.
Happy Trading,
K.