COIN NAME: $XRP
SIGNAL TYPE : LONG
This XRP 4H chart displays a bullish falling wedge breakout pattern 📈. The price had been moving inside a descending channel (marked by white trendlines), forming lower highs and lower lows 😔. However, it recently broke out of the wedge to the upside 🚀, signaling a potential trend reversal. The breakout is accompanied by increasing momentum, as reflected in the RSI rising above 59.59, suggesting growing bullish strength 💪. The yellow arrow indicates an optimistic projection toward higher resistance levels, possibly aiming for the $3.60–$3.80 zone 🎯. The breakout point near $3.00 serves as a good entry level, with a stop-loss below $2.85 to manage risk effectively 🛡️. This setup suggests renewed bullish energy, but it’s important to monitor volume and candle confirmations 🕯️. Overall, XRP is showing signs of recovery from a downtrend, with buyers stepping in at a key support area 🟢.
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ENTRY PRICE: 3.0276 (or market price)
1st tp: 3.2257
2nd tp: 3.3614
3rd tp: 3.4697
Leverage: 20x
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