Ripple (XRP) – the spring is tightening ⏳
💰 Current price: ~$3.24
🕯 Candle behavior
Triangular pressure: the last candles are making lower highs and higher lows — narrowing in the range (symmetrical triangle).
Alternating small green/red candles: a 'confusion' candle pattern shows that both sides are waiting — and when one takes action, the movement explodes.
Repeated buying engulfing on smaller timeframes: on the 4-hour chart, bulls are wiping out the bears' drop with full-body green candles.
Absence of deep lower shadows: every shallow drop is bought back quickly, indicating that buyers are positioned just below the price.
🔥 Why it seems to be cooking for an explosion
Narrow triangles with decreasing volume act like a pressure cooker — the more candles accumulate within the range, the stronger the breakout. Looking at XRP's history with these patterns, a breakout of resistance could lead directly to $3.60–$4.20.
🎯 Trading plan
Entry area: Breakout at $3.30 with a daily close
Stop loss: $3.00
Targets: 3.60 / 3.80 / 4.20
Tip: On the day of the breakout, look for a large green candle closing outside the triangle with a clear increase in volume — this is the green signal.
