adamberry987

XRP Technical Analysis – March 6In my previous analysis, I indicated that XRP was at a key resistance level and could potentially seek lower support levels. As anticipated, it broke the $2.20 support and dropped to $1.90 before gradually climbing back to $2.60, only to face an instant rejection at that level.During the move up to $2.60, I noticed that the trading range and the higher lows were becoming progressively tighter. What I mean by this is that in my last post, I observed roughly a $0.10 price difference in support and resistance levels on lower timeframes (30M, 15M, and below). However, this time, the price seems to be moving more aggressively as it approaches $2.60 and $3.In my opinion, XRP is likely to create a lower high as it approaches $2.60, and I expect a potential breakout from this range. If it doesn’t break upward, I’ll be watching for support in the $2.30–$2.40 range, while hoping it holds above $2.20. That level appears significant as XRP looks to be breaking the downtrend, with horizontal and vertical patterns forming lower highs and short-term support levels. The price has been bouncing off these supports, gradually creating new, higher support zones.I hope this analysis is clear and helpful. This is my second time posting. I’ve been taking profits and re-entering at lower prices, carefully trading within these ranges. XRP often makes moves that look like it’s about to skyrocket, so it’s essential to learn and recognize these patterns.

Noticed the support zone have a range roughly 0.10c has a slow and steady W up trend. New to TA. It looks like its trapped between new resistance once broken previous resistance the new resistance is roughly 0.50c past the 0.10c range. Don't buy when breaking/being stopped by new resistance you should be able to wait a 0.10c window opportunity which will keep you in a good position with low capital and medium leverage. It should blow past 3$ and meet resistance at 3.45$. Prior to the pump in November it was forming a 5 Top wave pattern testing the 3$ it looks at it has / still is forming a 4-6 wave top on the smaller time frames as its pushing through resistance. Aimed for beginners.I'm currently in a trade , I intend to ride this up to the price target. 50-75% profit taken at 3$ then rest at 3.45$ look and wait for new entry point once calmed down , course this depends on how crazy or smooth it is. You can see the two purple lines. It hasn't come back past it since placing trade. No stop loss as my risk reward is worth it I haven't bet my entire margin.