COIN NAME : $XRP
SIGNAL TYPE : LONG
This XRP/USDT 4H chart 📉 illustrates a descending channel pattern 📊, marked by parallel white trendlines acting as resistance and support. Within the channel, we see multiple sharp corrective moves 🔻 highlighted by orange zigzags, showing lower highs and lower lows. However, price action is beginning to compress and show signs of reversal 📈. The RSI is hovering around 51.13 🧭, signaling neutral momentum but slightly tilting toward the bullish side 🟢. The yellow projection path suggests a potential bounce after a minor dip 🕳 and a breakout from the channel 🚀. This breakout could lead XRP to reclaim higher levels, potentially targeting the $3.30–$3.50 area 🎯. If the price holds above the lower boundary and follows the projected path, a trend reversal might be confirmed 🔁. Traders might watch for a clean breakout with volume 🔍 as confirmation. Momentum is cautious but leaning bullish 🐂 if structure holds.
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ENTRY PRICE: 2.8896 (or market price)
1st tp: 3.0603
2nd tp: 3.2554
3rd tp: 3.3487
Leverage: 20x
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