📊 XRP/USDT Chart Analysis
📈 Current Price: $XRP
🔑 Key Observations:
Uptrend visible since Aug 17, forming higher lows 📈
Price testing R1 ($0.6164) resistance level 🧱
Trading above longer-term moving averages (not shown) 🐂
🎯 Notable Price Levels:
Support:
S1: $0.5817
S2: $0.5603
S3: $0.5315
Resistance:
R1: $0.6164
R2: $0.6319
R3: $0.6477
📈 Chart Patterns:
Ascending triangle formation (yellow lines)
Multiple tests of resistance around $0.6160-$0.6180 area
🔄 Recent Price Action:
Consolidation near upper resistance
Decreased volatility compared to early August
📊 Volume:
Recent volume lower than early August peaks
No significant volume spikes in the last few days
🔹 Other Observations:
Multiple support/resistance levels identified on chart
Several Fibonacci retracement levels marked
📝 This analysis is based solely on the technical aspects visible in the provided chart.