Technical analysis by karmatseringhyolmo about Symbol XRP: Buy recommendation (12/5/2024)

Trade Setup:Entry: 2.350Target: 2.844Stop Loss: 2.1024Risk-Reward Ratio (RR): 2.45Key Confluences:Bullish Bat Pattern: Strong harmonic pattern indicating a potential reversal.S/R Flip: Price is retesting a significant support-turned-resistance zone as support.Trendline Support: Clear trendline providing dynamic support to price action.Demand Zone Price Action: Buyers stepping in, as evidenced by bullish candles in the zone.Disclaimer:Lower timeframes (e.g., 2-hour) may not hold as strongly as higher timeframes due to market prioritization. Please ensure your risk management is robust, as markets are inherently uncertain. This analysis is for educational purposes and not financial advice.