The weekly close has three hours left. Is it considered positive?
Based on the chart and analysis of XRPUSDT on a weekly timeframe using Gann Box.
✅ Data from the chart:
Current price: 3.5070 (very strong rise for the week).
It broke through strong resistance at the 2.90 – 3.00 area, which was around the 0.618 level.
Now it is trading above 0.75, an area that is usually close to saturation levels or near important resistances.
The weekly candle is very strong and long compared to previous weeks, indicating strong buying momentum.
📊 Analysis:
If the price closes above 3.50 firmly within the next three hours, this is considered: 🔹 A very positive signal for the continuation of the rise next week.
🔹 We may see a target at the 3.80 – 4.00 level in the coming period.
However, on the other hand, if profit-taking occurs before the close and the price closes below approximately 3.30, this may indicate: 🔸 Weakness in momentum and the last rise was due to short speculations.
📈 Continuation of the rise based on the weekly close:
Close Above Expectation Percentage
3.50 Possible strong rise 🔺 70–80%
3.30 – 3.50 Fluctuation then cautious rise 🔸 50–60%
Below 3.30 Possible correction 🔻 40% or less
🔍 Technical Recommendation:
Pay attention to the weekly close, as it will be the key to the next movement.
If it stays above 3.50, it is considered a successful breakout.
Watch the opening of the new week: if it starts with a gap up or a strong green candle, you can consider it confirmation of the rise.
