📊 #XRP — Technical Analysis (1D)
On the daily chart, a strong bullish formation is observed:
🔸 A 'Rounded Bottom' pattern has formed, signaling the end of the downward phase.
🔸 The breakout of the neckline was accompanied by a long structural break, confirming the trend change.
🔸 After the breakout, a retest of the neckline occurred with a successful bounce upwards, which strengthens the technical picture.
🎯 Target level for execution — $6.50
This level corresponds to the full realization of the potential of both the 'Rounded Bottom' formation and the confirmed market structural break towards long.
▶️ Whales bought 60 million $XRP in the last 24 hours!
🔥 Insights from INVESTIDEAUA: Intraday trading, LONG/SHORT strategies, SPOT, training.
🎯 I would be pleased to know that my work was not in vain.
🎯 I would appreciate your subscription.
🎯 Your support and feedback always inspire me to continue sharing quality content.