#GateSquareMayTradingShare $XRP Moving in the Largest Anonymous Zone ๐Ÿ˜… $XRP perhaps one of the few large-cap stocks right now that can bore you for weeksโ€ฆ and then suddenly move 20% when everyone has stopped watching ๐Ÿ‘€ The setup is quite clear at the moment: ๐ŸŸข $1.4 continues to act as strong support ๐ŸŸข Price is pressed within a large flag zone ๐ŸŸข Weekly MACD remains bullish for 3 consecutive weeks ๐Ÿ”ด But volume keeps decreasing Many traders see a "bullish pattern" and immediately expect a breakout. However, XRP has been rejected near $1.6 twice this year. Sellers are clearly maintaining that zone aggressively. At the same time, the longer the price stays above support without breaking below, the greater the pressure building underneath the chart. Thatโ€™s why I think the current structure in the $BTC market is important: ๐Ÿ‘‰ holding at $1.4 = bullish setup holds ๐Ÿ‘‰ breaking $1.6 with real volume = market is quickly targeting $2 ๐Ÿ‘‰ weak breakout = another range trap possibility It feels like XRP is getting closer to determining the direction ๐Ÿš€ Disclaimer: This is not financial or investment advice. Do your own research before making any decisions. Use at your own risk

XRP-2.73%
BTC-2.07%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin