Current Market Structure:
#XRP is in a downtrend and has recently broken a key support level, signaling potential further downside. However, a Bullish Harmonic Pattern is forming on the 4H timeframe, which could indicate a possible trend reversal.
Key Technical to Watch:
๐น Bearish Scenario: If $XRP continues to reject resistance and fails to reclaim lost support, the bearish trend may continue toward the next key levels.
๐น Bullish Scenario: A bullish divergence on the 1H or 4H timeframe could trigger an upward move, forming new higher highs (HHs) and higher lows (HLs).
Trade Setup:
๐น Short Position: If price stays below resistance & rejection continues.
๐น Long Position: If bullish divergence confirms & price reclaims lost levels.
Big Move Expected โ Watch Closely!
Whatโs Your Bias? Bullish or Bearish? Comment Below!
#Trading #HarmonicPattern #TechnicalAnalysis #CryptoTrading