koinmilyoner
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Bullish
The Future of XRP in the Near Future Is Anyone's Guess
XRP price behavior under 4 hours is chaotic and lacks a clear direction. A further investigation shows that the 4-hour chart's larger structure provides more useful information. Despite short-term volatility, the 4-hour period is optimistic, indicating momentum is growing.
Market expert Andrew Griffiths thinks that a dramatic advance toward the bullish order block between 2.65 and 2.58, along with strong negative momentum, may imply a structural breakdown.
Griffiths noted in his latest X article that this price zone has traditionally been a strong demand zone where buyers protect support. However, if sellers control this zone and the price fails to hold, market dynamics may change, invalidating the bullish setup.
Despite technical weakness, crypto market sentiment remains optimistic. Bitcoin remains dominant, but the TOTAL2 chart, which shows altcoins minus Bitcoin, is optimistic.
These wider tendencies suggest that present weakness may be a transitory shakeout rather than a deeper reversal. Price behavior around the order block might be a tipping moment in the future.
Getting Key Level Confirmation for Trade Setup
Andrew Griffiths suggested trading the 4-hour bullish order block between 2.65 and 2.58. Griffiths believes a price test of this zone with weak negative momentum might be a buying opportunity.
This matches his trading strategy of finding high-probability entrances when price responds to key levels with opposite side weariness. This zone may be a good entry point for long traders if circumstances are right. Decreased sell volume, extended lower wicks (showing rejection), or bullish candlestick patterns inside or above the zone may indicate waning bearish pressure.
Griffiths also stresses the necessity of waiting for a clear reply before taking a stance to avoid a further breakdown. If the trend turns up, a stop-loss slightly below the order block's bottom border (2.3277) might give a good risk-reward ratio.
#xrp #CryptoCPIWatch #CryptoRoundTableRemarks #CryptoComeback $XRP $ETH
XRP price behavior under 4 hours is chaotic and lacks a clear direction. A further investigation shows that the 4-hour chart's larger structure provides more useful information. Despite short-term volatility, the 4-hour period is optimistic, indicating momentum is growing.
Market expert Andrew Griffiths thinks that a dramatic advance toward the bullish order block between 2.65 and 2.58, along with strong negative momentum, may imply a structural breakdown.
Griffiths noted in his latest X article that this price zone has traditionally been a strong demand zone where buyers protect support. However, if sellers control this zone and the price fails to hold, market dynamics may change, invalidating the bullish setup.
Despite technical weakness, crypto market sentiment remains optimistic. Bitcoin remains dominant, but the TOTAL2 chart, which shows altcoins minus Bitcoin, is optimistic.
These wider tendencies suggest that present weakness may be a transitory shakeout rather than a deeper reversal. Price behavior around the order block might be a tipping moment in the future.
Getting Key Level Confirmation for Trade Setup
Andrew Griffiths suggested trading the 4-hour bullish order block between 2.65 and 2.58. Griffiths believes a price test of this zone with weak negative momentum might be a buying opportunity.
This matches his trading strategy of finding high-probability entrances when price responds to key levels with opposite side weariness. This zone may be a good entry point for long traders if circumstances are right. Decreased sell volume, extended lower wicks (showing rejection), or bullish candlestick patterns inside or above the zone may indicate waning bearish pressure.
Griffiths also stresses the necessity of waiting for a clear reply before taking a stance to avoid a further breakdown. If the trend turns up, a stop-loss slightly below the order block's bottom border (2.3277) might give a good risk-reward ratio.
#xrp #CryptoCPIWatch #CryptoRoundTableRemarks #CryptoComeback $XRP $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
XRP
2.1836
-0.81%