$XRP LONG setup loading... ⏳ Symmetrical triangle forming on 1H 🔺 In higher timeframes, the trend is clearly bullish 📈
🟢 Entry DCA: 🔹 0.05 Fib zone at $2.176 - RIGHT NOW! 🔹 0.618 Fib zone at $2.16 — high liquidity pocket 💧 🔹 Watching for breakout confirmation above triangle 📊
Let the breakout come, we just position smart 🧠 Stay patient. Stay sharp.
The bears have failed to sink XRP below the $2 support, suggesting a lack of selling pressure at lower levels.
The bulls will try to start a recovery, which could reach the 50-day SMA ($2.23). This is an essential short-term level to keep an eye on because a break above it opens the doors for a rally to the resistance line. Buyers will have to push the price above the resistance line to signal a short-term trend change.
Alternatively, a break below the $2 support tilts the advantage in favor of the bears. The XRP/USDT pair could then plunge to the $1.72 to $1.61 support zone.