📊 XRPUSDT – Technical Analysis (1H)
🔍 Analysis by @Emademy
XRP is currently testing a key ascending trendline along with a major support zone around the $2.19–$2.20 area. After rejecting resistance near $2.33, price has entered a corrective move and is now at a critical decision point.
🔸 If the current support holds and price respects the trendline, a bounce toward the $2.28–$2.30 region is likely.
🔻 However, a strong breakdown below the highlighted red zone (around $2.15) would invalidate the short-term bullish structure.
🟥 Red area = invalidation zone
🟦 Gray box = key demand area
This setup provides a clean risk-reward structure with a clear invalidation level.
Chart image attached.
📍 Follow @Emademy for more professional trading insights
🔍 Analysis by @Emademy
XRP is currently testing a key ascending trendline along with a major support zone around the $2.19–$2.20 area. After rejecting resistance near $2.33, price has entered a corrective move and is now at a critical decision point.
🔸 If the current support holds and price respects the trendline, a bounce toward the $2.28–$2.30 region is likely.
🔻 However, a strong breakdown below the highlighted red zone (around $2.15) would invalidate the short-term bullish structure.
🟥 Red area = invalidation zone
🟦 Gray box = key demand area
This setup provides a clean risk-reward structure with a clear invalidation level.
Chart image attached.
📍 Follow @Emademy for more professional trading insights
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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.
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.