Swing Trade Analysis for #XRP/USDT
XRP is forming a descending triangle pattern on the 4H timeframe. A potential breakout above the trendline indicates bullish momentum, while rejection could lead to further downside. The EMA is holding as dynamic support, adding strength to the structure.
Entry : Enter near $2.46 (current price)
Stop Loss (SL):
Place SL below $2.30 for a safer setup.
Target 1: $2.60
Target 2: $2.80
Target 3: $3.40
This chart presents a good swing trade opportunity if XRP breaks above the descending trendline.
