🔥 XRP at $2.97: Harmonic Pattern Hits Key Reversal Zone 🔥
$XRP #HarmonicTrading #CryptoTA
XRP is hovering near $2.97, the D-point of a major XABCD harmonic pattern — a classic reversal zone where traders expect a decisive move. With price action stalling here, the next candle could define the trend.
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📐 Why $2.97 Matters
- The D-point in harmonic structures often triggers reversals.
- Sellers typically defend this zone — but if bulls break through, momentum flips fast.
- XRP is currently trading at $3.0393 (+0.38%), slightly above the zone.
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🐻 Bearish Case
- Breakdown below $2.97 opens downside toward $2.70–$2.90.
- Confirms seller control and activates short setups.
- Watch for rising sell volume and bearish candle closes.
🐂 Bullish Case
- If buyers defend $2.97 and flip $3.20–$3.40 into support:
- 🚀 Target opens toward $3.60+
- Sentiment shifts bullish
- Volume breakout could trigger explosive follow-through
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📊 Trading Plan: Reaction Over Prediction
- Short Bias: Only if $2.97 breaks cleanly, with stops above.
- Long Bias: If $2.97 holds and $3.20–$3.40 flips to support.
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🔍 What to Watch
- Volume Confirmation:
- 🔻 Rising sell pressure = breakdown
- 🔺 Surging buy-side = breakout
- Candle Closes:
- Intraday wicks ≠ conviction
- Focus on daily and 4H closes around $2.97 and $3.20+
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🧠 Final Thought
Harmonic patterns aren’t guarantees — but the risk/reward at D-point makes this setup worth watching.
👉 If XRP clears $3.40 with volume, expect trend continuation into fresh local highs.
📚 For educational purposes only. Not financial advice. DYOR.
💬 Drop your bias below — are you long or short at $2.97?