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FX.co ★ vadlamudi | Bitcoin life by valdamudi #BTC

Bitcoin life by valdamudi #BTC

XRP/USDT: Trendline Breakout -> Two Key Scenarios to Watch!

Bitcoin life by valdamudi #BTC

Hi! XRP has successfully broken above a major downward-sloping trendline and is currently holding above the SMA. While the overall bias is bullish, the RSI shows a slight bearish divergence, suggesting we might see a temporary pullback before the next leg up. We are watching two potential long setups depending on how the price reacts in the coming sessions. Scenario 1: Aggressive Long (Immediate Continuation) Entry Zone: Around $1.1027 - $1.1056 Stop Loss (SL): $1.0858 (below local consolidation) Take Profit (TP): $1.1363 Scenario 2: Conservative Long (Pullback & Retest) Entry Zone: $1.0670 - $1.0730 (S&D Zone / Trendline Retest) Stop Loss (SL): $1.0569 (below the S&D zone) Take Profit (TP): $1.1179
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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