Hello traders,
XRP is forming a potential falling wedge with strong upside potential. Price action has printed a middle section and is now consolidating at a high-value area. Despite the picture-perfect setup, the entry remains high-risk, as the consolidation could act as a continuation. However, XRP has been lagging recently, and positioning looks ideal for an upside move. The HTF structure shows a strong impulse followed by a correction; this could be the level where the next leg up begins.
I can afford to take the risk on this one. Wish y'all the best!
XRP is forming a potential falling wedge with strong upside potential. Price action has printed a middle section and is now consolidating at a high-value area. Despite the picture-perfect setup, the entry remains high-risk, as the consolidation could act as a continuation. However, XRP has been lagging recently, and positioning looks ideal for an upside move. The HTF structure shows a strong impulse followed by a correction; this could be the level where the next leg up begins.
I can afford to take the risk on this one. Wish y'all the best!
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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.