XRPUSDT is consolidating within a defined horizontal channel, currently sitting just above the 2.06 support after multiple fake breaks and failed attempts at a higher high. A bullish rebound from this zone could launch price back toward the descending resistance trendline. The 2.2240 level marks a key reaction point that may cap any breakout attempt short-term.📈 Key Levels
- Buy zone: 2.05–2.10
- Sell trigger: breakdown below 2.05
- Target: 2.22
- Buy trigger: confirmation bounce above 2.10
💡 Risks
- Sideways consolidation may extend, delaying breakout
- Strong rejection near 2.22 trendline could trigger reversal
- Break below 1.9730 confirms bearish continuation
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.