I can see on this XRP chart on the 1-hour timeframe showcases a symmetrical triangle breakout pattern. The price has broken out above the resistance trendline at $2.42, signaling a potential bullish continuation. The Relative Strength Index (RSI) has risen sharply, hovering around 58.75, which reflects positive momentum but stops short of overbought levels.Ensure volume confirmation accompanies this breakout for a higher probability trade, and monitor RSI for signs of overbought conditions
I can see also this chart shows the Bitcoin Dominance percentage (BTC.D) over time on the weekly timeframe. A rising wedge pattern is clearly evident, which is a bearish formation. The breakdown from the wedge has occurred, indicating potential further downside in Bitcoin Dominance. This suggests that altcoins might gain relative strength or Bitcoin could see reduced market influence.The RSI indicator reflects bearish divergence, as price moved upward while RSI declined over time, confirming weakening momentum. Currently, RSI stands at 46.88, below the midline, reinforcing bearish sentiment.
total3 on the 4-hour timeframe. The price action forms a symmetrical triangle, a consolidation pattern that indicates a potential breakout in either direction. The market cap is currently near the triangle’s apex, signaling an imminent decisive move.The RSI is at 52.88, showing neutral momentum but with signs of slight recovery from oversold conditions. Traders should monitor for a breakout above resistance ($1.07T) for a bullish continuation or a breakdown below support ($1.03T) for bearish pressure.A breakout confirmation, supported by volume, will determine the next trend direction.
TAKE ENTRY : 2.4262
1st tp; 2.5706
2nd: 2.6122
3rd tp: 2.8181
$XRP
This signal is only for spot if you want future signals join my binance live.
Just click on my profile to join my live.
