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Technical analysis by Lukegforex about Symbol XRP: Buy recommendation (4/18/2025)

https://sahmeto.com/message/3424865
Lukegforex
Lukegforex
Rank: 132
3.3
Buy،Technical،Lukegforex

XRP/USD 4H - This is not a pair I really trade, its just a coin I have invested in and am currently holding. I believe we will see some temporary bullishness, trading us into the area above before a move to the downside.Now with me being a believer in XRP and with me holding the coin, you'd have thought that I believe price will trade us higher longer term, and the answer to this is I do, but not before a move to the downside first.I think price will clear orders within the area of Supply, people will offload orders as well giving us a move to the downside, this move will trade price down and into a large area of Demand I have marked out.Once price trades into that, introducing a-lot of Demand that is when I feel price will then take its next hike to the upside, surpassing previous highs set this year. The area of Demand I have marked out is quite large.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Profit Target:
$2.5
Stop Loss Price
$2
Price at Publish Time:
$2.08
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