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Technical analysis by vf_investment about Symbol XRP: Sell recommendation (4/3/2025)

https://sahmeto.com/message/3386069
vf_investment
vf_investment
Rank: 3754
1.9
Sell،Technical،vf_investment

Hi traders,Let's have a look at XRPUSDT chart on 1D time frame.We can see the descending triangle pattern which is very well developed.However, the price still respects the support so if we want to take a short position, we should wait for a successful break down.If the break down occurs, we may wait for the price to give a bearish retest.We determined 2 take profit levels and 1 technical target for the descending triangle pattern.The probable path is shown on the chart.Risk-reward ratio: 10,82

Translated from: English
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Signal Type: Sell
Time Frame:
1 day
Price at Publish Time:
$2.05
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