$XRP I can analyze the image visually but cannot edit or mark it directly. Based on the chart, here’s an analysis:
Chart Analysis:
1. Pattern: The chart shows a descending triangle, a bearish continuation pattern.
2. Support Level: Around $2.07-$2.10.
3. Resistance Level: The descending trendline (~$2.40).
4. Breakout Direction: A downside breakout is likely.
5. Volume Analysis: Decreasing volume, which might suggest an impending big move.
Trade Setup (Short Position Example)
Entry: Below $2.07 after a breakout confirmation.
Stop Loss (SL): Above the last lower high (~$2.30).
Take Profit (TP): Next key support at $1.50.
Risk-Reward Ratio (RRR): ~1:2.5 (23 cents risk for ~57 cents profit).
Trade Setup (Long Position Example)
Entry: Breakout above descending trendline (~$2.40).
Stop Loss (SL): Below support (~$2.05).
Take Profit (TP): Next resistance at $3.00.
RRR: ~1:2 (35 cents risk for ~60 cents profit).
