The XRP currency forms a bullish technical pattern in the shape of a "W" ( Double Bottom ), which is one of the positive patterns that usually indicates an upcoming bullish reversal.
🎯 Potential Goals (Targets):
Target 1: 2.30 🔼
The second goal: 2.35 🚀
Target three: 2.45 💥
🛡️ Stop Loss (: It is preferable to set it below the strong support level at 1.95 to reduce risks.
📊 Optimal entry point: upon a clear breakout of the resistance area 2.10 with confirmation by high trading volume.
🧠 Notes:
Breaking the 2.10 level may accelerate the upward movement. In the chart above, the ascending "W" pattern is clearly visible, which is considered a positive technical signal for a trend reversal towards the upside. It has also been clarified:
✅ The three target levels ) 2.30, 2.35, 2.45( with green lines.
🔻 The support level and stop loss at 1.95 with a red line. )#BTC
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.
📈 #Swing_Trading_Strategy | $XRP
🔍 Technical Outlook:
The XRP currency forms a bullish technical pattern in the shape of a "W" ( Double Bottom ), which is one of the positive patterns that usually indicates an upcoming bullish reversal.
🎯 Potential Goals (Targets):
Target 1: 2.30 🔼
The second goal: 2.35 🚀
Target three: 2.45 💥
🛡️ Stop Loss (: It is preferable to set it below the strong support level at 1.95 to reduce risks.
📊 Optimal entry point: upon a clear breakout of the resistance area 2.10 with confirmation by high trading volume.
🧠 Notes:
Breaking the 2.10 level may accelerate the upward movement.
In the chart above, the ascending "W" pattern is clearly visible, which is considered a positive technical signal for a trend reversal towards the upside. It has also been clarified:
✅ The three target levels ) 2.30, 2.35, 2.45( with green lines.
🔻 The support level and stop loss at 1.95 with a red line.
)#BTC