Short term TA for XRP

13 בינו׳

XRP is currently consolidating within a narrow range between 2.37 and 2.38, following a recent upward move. While a decisive breakout above the 2.40 resistance level remains pending, this consolidation period could be interpreted as a sign of strength.

In the near term, a cautious outlook is warranted as the price has yet to confirm a sustained upward trajectory. However, the current price action may be indicative of accumulation and base-building, potentially setting the stage for a future advance.
Longer-term prospects for XRP appear positive, with the cryptocurrency demonstrating a consistent pattern of higher highs and higher lows. This suggests an underlying bullish trend, although patience may be required for further upside momentum to materialize.

Traders and investors are advised to closely monitor key indicators such as trading volume and momentum, as well as news and developments related to XRP, to gauge the likelihood of a breakout and subsequent price appreciation.

13 בינו׳

עסקה פעילה

Trade active LONG entry at $2.4650 above both the $2.40 and $2.45 resistance which will now act as immediate support levels.

SL at $2.4450 just below the $2.45 support although I don't feel that we are heading that direction anymore as the RSI has smoothed and buyer interest in gaining.

13 בינו׳

העסקה בוטלה באופן ידני

Manual closet @ 2.48 to take profit at ELLIOT WAVE shows retracement and technicals support it. Currently trading below my original entry price.

Will re-enter either 2.41 or 2.44