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Technical analysis by MeTraderTr about Symbol XRP on 8/30/2025

https://sahmeto.com/message/3742560
MeTraderTr
MeTraderTr
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🇹🇷 The triangular formation formed after a harsh rise was broken downward due to the shrinking structure. Especially after the closing of $ 2.9611 support, the price fell towards Demand Zone region. The price is currently experiencing a jam between $ 2.8340 - $ 2.7599. • Long Scenario: With one hour closing over $ 2.8340. • Short scenario: with one hour closing to take place under $ 2.7599. The subject to be considered; For those who chase Short positions at closes below $ 2.7599, the price can make fake breakout towards the Demand area. Therefore, it is necessary to do risk management well! ----- ENG ----- 🇬🇧 After a Strong Rally, A Descending Triangle Pattern formed and Broke to the download. The Close Below $ 2.9611 Support Pushed The Price Towards the Demand Zone. Currently, Price Is ConsoLidating Between $ 2.8340 - $ 2.7599. • Long Scenario: A Confirmed Close Above $ 2.8340. • Short Scenario: A Confirmed Close Below $ 2.7599. Cauction: A Break Below $ 2.7599 Could Trigger A Fake Breakout / Fakers move Towards the Demand Zone, Potentielyy Trapping Aggrassive Short Traders. PROPER Risk Management is Essential here. #XRP #cryptoanalysis #Pricection #technicalanysis

Translated from: Turkish
Show Original Message
Signal Type: Neutral
Time Frame:
1 hour
Price at Publish Time:
$2.81
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