COIN NAME- #XRPUSDT
COIN NAME- SHORT
This chart represents the XRP/USDT pair in a 4-hour timeframe. The price moves within a descending triangle pattern, a bearish structure where the upper trendline slows downward, and the lower support line remains flat. The EMA Ribbon suggests weak momentum as the price fluctuates below it. The volume is decreasing, indicating market indecision. A breakout below the support level near $2.00 could result in further bearish momentum. However, if the price breaks above the resistance line near $2.35-$2.36, it may signal a bullish reversal. Traders should watch for a breakout with increased volume to confirm the direction.
Trade Details:
Entry: Around 2.238 ( Join my Binance live for premium crypto signals )
TP: 1.971
SL: hold
$XRP
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