I don't understand the analysis $XRP
An analyst said
Technical analysis of Ripple (XRP):
Currently, XRP is trading at $3.03.
Looking at the daily chart, we notice the formation of a parallel triangle pattern, where the price is anchored at the lower limit of the pattern. This indicates a potential buying opportunity at this level, while monitoring any potential break down.
Possible entry points:
Buy entry: If the price bounces from the lower limit of the triangle and stabilizes above the $3.10 level with high trading volume.
Sell entry: If the price breaks the lower limit of the triangle and stabilizes below the $3.00 level.
Profit-taking targets:
For buying: the first level at $3.25, the second level at $3.40.
For selling: the first level at $2.90, the second level at $2.75.
Stop Loss Levels:
Buy: Stop Loss at $2.95.
Sell: Stop Loss at $3.05.
I don't understand half of this but I brought the analysis for those who want to benefit from it
