Ripple is forming a simple yet perfect setup
There is a strong horizontal support level of $2.11 that was established back in December of 2024 and has held the price perfectly (with only one breakdown) since then. Moreover, at that time a massive Falling Wedge started forming and is still doing it up to this day.
Talking about resistances, there is a $2.45 one. Not very strong, but solid enough to form a decent horizontal channel within which the price moves.
So, as the result we have the following structure:
XRP has been consolidating above strong support for 6 months already and formed a pattern that suggest upcoming upward movement. The perfect entry spot in LONG will be at the breakout&retest of the both $2.45 resistance and Falling Wedge resistance (they perfectly correlate).
Target zone of $3.5 - $4 can be reached within the next 3 - 5 months.
There is a strong horizontal support level of $2.11 that was established back in December of 2024 and has held the price perfectly (with only one breakdown) since then. Moreover, at that time a massive Falling Wedge started forming and is still doing it up to this day.
Talking about resistances, there is a $2.45 one. Not very strong, but solid enough to form a decent horizontal channel within which the price moves.
So, as the result we have the following structure:
XRP has been consolidating above strong support for 6 months already and formed a pattern that suggest upcoming upward movement. The perfect entry spot in LONG will be at the breakout&retest of the both $2.45 resistance and Falling Wedge resistance (they perfectly correlate).Target zone of $3.5 - $4 can be reached within the next 3 - 5 months.
Trade active
Almost a month passed since the first update, but finally the price managed to break through the Falling Wedge on a STRONG impulse! Buying here (spot mainly) makes a lot of sense since Ripple is finally ready to make its way towards $3.5 zone.
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Klondike Official Links:
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Related publications
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.