Coin Name: $XRP
Position: Short
Entry Price: 2.3270
On the 4-hour chart, XRP appears to be forming a rising wedge pattern, which is typically a bearish signal. A breakdown below the wedge’s support trendline could trigger a move toward my target level. Additionally, the RSI is currently holding within the supply zone, reinforcing my bearish outlook on XRP.
On the 1-hour timeframe, TOTAL is trading within an ascending channel. After recently testing the upper trendline, it now appears poised to retrace toward the lower boundary of the channel.
There’s significant liquidity present on both sides of the market, but with the downside liquidity closer to the current price, I anticipate that XRP will move lower first to capture that liquidity.
Leverage: 4X
Targets:
1st TP 2.2128
2nd TP 2.0805
3rd TP1.9555
This is my personal prediction, but as we all know, the crypto market is highly volatile. If you're considering this trade, be sure to conduct your own thorough research before making any decisions.
$XRP
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