XRPUSD 4H Frame Analysis

30 Kas

We are seeing XRP breaking resistance at a good pace, having pullbacks to get liquidity before keeping the uptrend. In this scenario we see XRP trying to break the previous relative ATH.

Throwing a fibonacci it give us a possible area for a pullback, where the price can accumulate more liquidity before deciding to test the 2,00$ target and break further highs.

Keep your eyes peeled. Boost, share and comment any ideas that can add up more knowledge to it.

Thanks family!

4 Ara

İşlem aktif

We can see how the momentum of the XRP price is kept at a good pace pushing the price up. Price tested the 161,80% level of fibonacci. Time for accumulation before breaking either its previous high or previous low for more liquidity.

Any comments are very welcome!

10 Ara

İşlem kapandı: hedefe ulaştı

XRP looking for liquidity at 1.96$, where we can see some dips being bought. This scenario means we are ranging now from its high (2.70/2.65$ to its low 1.80/1.95$) leaving us within an area of accumulation if the price ends breaking the pattern that is forming right now.

To be continued.