$XRP 🕵️‍♂️ Daily Chart (1D Analysis) Observations:

The price is in a falling wedge (bullish reversal pattern).

It is now consolidating around strong support at ~2.00, near a prior demand zone.

A parabolic curve is forming, suggesting potential for reversal to the upside.

There’s a fair value gap (FVG) just below around 1.70–1.85, acting as a secondary support.

Potential Long Setup:

Entry: 2.03 (near current price & wedge support)

Stop Loss (SL): 1.90 (below curve & wedge breakout level)

Take Profit (TP): 2.83 (top of previous structure)

Risk : Reward Ratio (RRR): ~6:1

⏱️ 4H Chart Analysis Observations:

Price is hovering just above support (~2.00) and showing possible wick rejections.

200 EMA is above price, showing current bearish trend, but we’re near higher time frame reversal zone.

Trade Confluence:

Entry near wedge bottom + psychological level + potential curve support.

If price holds above 1.99–2.00, this could act as a springboard for reversal.

🔖 Summary of Trade Idea:
Parameter Value

Entry2.03

SL1.90TP2.83

R:R 6:1

Confirmation Daily wedge + parabolic curve + FVG + 4H support holding

$XRP