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Technical analysis by Mohammad about Symbol XRP on 4/6/2025

https://sahmeto.com/message/3394137
Mohammad
Mohammad
Rank: 7168
1.5
،Technical،Mohammad

ریپل About 2 days, which is at a price range between $ 1.5 and $ 4.9, and about 6 days trapped under the downward trend line and inside the compact triangle pattern. This high compression shows that a powerful move will soon occur on one side. In the event of a downward trend in the range of 4.1 and its high price stabilization, we can expect a row to the previous ceiling range. 2.3 Enter the next step to start with 1 to 2 percent of the capital and if the high price stabilizes the resistance. If the key support is lost 2.3, there is a possibility of falling to lower areas. The following support stabilize, take the second step in the arrival. In the current situation ریپل is involved in a technical intensive pattern. After about 5 days of moving into the triangle, now it has reached the edge of the pattern and traders must be ready to defeat one of the side. Given the recent price behavior and technical position, both scenarios (ascending or descending) are more likely and must be confirmed by Kendley.

Translated from: Farsi
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Signal Type: Neutral
Price at Publish Time:
$1.92
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