Hey traders! Here's a fresh 1H chart analysis for XRP/USD, and things are getting interesting...
Key Highlights:
Support Held Strong: XRP bounced perfectly off the key demand zone at 2.31246 - 2.37028, marked by strong historical buying pressure.
Reversal Signal: Price rejected the bottom of this zone with a bullish engulfing candle and is now trading at 2.37583, confirming a potential reversal.
Target Zones:
TP1: 2.49390 – previous structure and mid-supply level.
TP2: 2.60317 – major supply zone where price previously sold off.
Watch For: Volume confirmation and candle closings above 2.375 to validate continuation.
Indicators Used:
LuxAlgo Supply & Demand Visible Range
Price Action + S&R
Market Structure
Bias: Bullish – As long as price holds above 2.37028, we remain in a buy zone.
Strategy Idea: Long from current levels or on retest of 2.370 support. SL below 2.31246. Trail SL as price approaches TP1.
Let me know your thoughts below! Are you buying XRP here or waiting for a stronger breakout?
#XRP #Crypto #PriceAction #SupplyAndDemand #TradingView #TechnicalAnalysis #Altcoins
Key Highlights:
Support Held Strong: XRP bounced perfectly off the key demand zone at 2.31246 - 2.37028, marked by strong historical buying pressure.
Reversal Signal: Price rejected the bottom of this zone with a bullish engulfing candle and is now trading at 2.37583, confirming a potential reversal.
Target Zones:
TP1: 2.49390 – previous structure and mid-supply level.
TP2: 2.60317 – major supply zone where price previously sold off.
Watch For: Volume confirmation and candle closings above 2.375 to validate continuation.
Indicators Used:
LuxAlgo Supply & Demand Visible Range
Price Action + S&R
Market Structure
Bias: Bullish – As long as price holds above 2.37028, we remain in a buy zone.
Strategy Idea: Long from current levels or on retest of 2.370 support. SL below 2.31246. Trail SL as price approaches TP1.
Let me know your thoughts below! Are you buying XRP here or waiting for a stronger breakout?
#XRP #Crypto #PriceAction #SupplyAndDemand #TradingView #TechnicalAnalysis #Altcoins
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✅ICMARKETS frankfxx.com/icmarkets
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✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
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.