$XRP
📊 Technical Analysis for XRP/USDT – Symmetrical Triangle Pattern in Formation
Current Price: 3.1945 USDT
Analysis on the Hourly Frame (1h)
✅ A Symmetrical Triangle pattern has been detected forming on the frame, coinciding with:
A clear narrowing in the Bollinger Bands ➡️ A signal for a potential price explosion soon.
MACD is approaching a positive crossover 🔁 which enhances the likelihood of an upward movement.
RSI at 56 → No overbought or oversold conditions.
The last two candles show positive volume despite weak overall volume.
📌 Important Levels to Monitor:
Break above 3.226 = Clear entry signal 🎯
Potential Targets: 3.37 → 3.53
Break below 3.073 = Exit signal or short entry ⚠️
Potential Support: 2.955
📌 The Plan: ✳️ Wait for the breakout with volume confirmation
🛡️ Stop loss according to the opposite breakout
Do you think the next explosion will be upward or downward? Share your opinion with me 👇
