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Technical analysis by kaydenhernandez about Symbol XRP: Buy recommendation (9/8/2025)

https://sahmeto.com/message/3759933
Buy،Technical،kaydenhernandez

Over the past 2.5 months, XRP has been in a healthy retracement from its all-time highs, forming what I see as a bullish structure: •✅ Double Bottom confirmed on the daily 0.618 Fibonacci retracement •✅ I entered my long position near the 0.618 level on the second bounce and have been accumulating throughout this consolidation •✅ Structure is forming a falling wedge, which is typically a bullish reversal pattern •✅ On the 4H timeframe, we are approaching a golden cross, adding further confluence for bullish momentum As long as XRP holds the 0.618 Fib, I’ll continue to accumulate. A breakout from this wedge could open the door to higher targets, with key resistance levels at the 0.382 (≈2.88) and major resistance at 3.00+. ⸻ 💭 My take: This chart setup looks like controlled consolidation before the next leg up. Patience and holding the 618 are key.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$2.89
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