XRP LONG POSITION UPDATE
COIN NAME : $XRP
SIGNAL TYPE: LONG
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Chart Pattern:
Based on our analysis, XRP appears poised to enter another bullish rally. As shown in my chart, I’ve identified a bullish falling wedge pattern and successful breakout in XRP , which typically signals a long trade opportunity. This is a key reason for my bullish stance on this trade.
RSI:
Additionally, the RSI has broken through its resistance line and is moving upward, as highlighted in my attached charts. This provides further confirmation of bullish momentum.
EMA Ribbon:
To strengthen the analysis, I’ve included the EMA Ribbon as an additional indicator. On the 4-hour timeframe, the EMA Ribbon confirms that XRP is currently maintaining a bullish trend.
I hope these points clarify my perspective on why I’m bullish on this trade.
Entry Price: 1.0500 -1.0785
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TP 1: 1.1540
TP 2: 1.2991
SL: 0.9062
Leverage: 5x
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