🚀 #XRP High Timeframe Analysis


🔹 Current Setup: $XRP is consolidating within a symmetrical triangle formation on the higher timeframe, with the 200 EMA slope remaining neutral, signaling potential continued range-bound movement.

🔹 Key Observations:

- Price has tested the support level multiple times without a definitive breakdown, hinting at a possible bullish breakout.

- A strong breakout above the pattern resistance, with a confirmed candle close above $0.6639, would signal bullish momentum, opening a pathway toward $1.4065 as the primary resistance/target level.


🔹 Trade Setup:

- Long Position: Await a candle close above $0.6639 to confirm bullish continuation.

- Invalidation: If the price breaches the support and closes below $0.4302, this setup will be invalidated.


Join TG for More Trade Analysis:   t.me/OfficialCryptoPatel/16053


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November 07, 2024 at 3:17 PM
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