XRPUSDT is showing strong bullish momentum after forming a clean Cup & Handle pattern on the 4H chart.
Key observations:
Pattern Formation: Cup & Handle breakout in progress, signaling continuation of the uptrend.
Demand Zone: Strong buying interest from the $2.80 – $3.00 support area.
Resistance Levels: Watching $3.6052 as the first key level; breakout above could push price towards $3.80.
Market Structure: Higher highs and higher lows intact, with a recent Change of Character (CHoCH) flipping to bullish.
MACD: Positive crossover confirming upward momentum.
📈 Bullish Scenario: A sustained close above $3.6052 could trigger an extended rally to $3.80 and beyond.
⚠ Invalidation: A close back below $3.00 support may delay the bullish move.
Key observations:
Pattern Formation: Cup & Handle breakout in progress, signaling continuation of the uptrend.
Demand Zone: Strong buying interest from the $2.80 – $3.00 support area.
Resistance Levels: Watching $3.6052 as the first key level; breakout above could push price towards $3.80.
Market Structure: Higher highs and higher lows intact, with a recent Change of Character (CHoCH) flipping to bullish.
MACD: Positive crossover confirming upward momentum.
📈 Bullish Scenario: A sustained close above $3.6052 could trigger an extended rally to $3.80 and beyond.
⚠ Invalidation: A close back below $3.00 support may delay the bullish move.
Trade active
Price has broken out of the Cup & Handle pattern and is trading above the demand zone. Monitoring for a confirmed close above $3.6052 to validate bullish continuation towards $3.80.Trade remains active as long as price holds above the $3.00 support level.
This is market analysis for educational purposes only, not financial advice.
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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.
$ FOREX / GOLD / BTC | Real Trades,Real Result | Risk-managed strategiesn & Join Telegram _ Trade smater ||
📬 Join Free Channel:
t.me/profitmagnetpro12
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t.me/profitmagnetpro12
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.