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XRP / TetherUS PERPETUAL CONTRACT

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XRPUSDT.P trade ideas

XRP: Bullish Setup Emerges - Time to Enter?Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! XRP looks very good in the weekly time frame. As you see in the chart, it is forming a symmetrical triangle-like structure and it is currently trading around the lower trendline of a symmetrical triangle-like structure on the weekly timeframe. This pattern can indicate a potential breakout in either direction, so further confirmation is needed. Here's what we're watching: Breakout confirmation: A clean break and close above the upper trendline of the triangle would be a bullish signal, potentially leading to higher prices. Support holds: Maintaining the current support level strengthens the case for a potential reversal. Accumulation Range:- $0.42-$0.47 Short-term Target:- $0.56/$0.68 Mid-term Target:- $2 What are your thoughts on XRP's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
XRP/USDT Trading ScenarioThe XRP’s price has dropped to a significant support zone at the $0.4504 level. This is the fourth time the price has returned to this area. Historically, the price has bounced off this zone. An increase in trading volume is also observed in this price area. This zone serves as an accumulation area. In the future, a sharp price drop can be expected with the aim of gathering liquidity accumulated below this zone, followed by an upward price movement. The next resistance levels are at $0.6265 and $0.7493.
by Rick_SimpleSwap