XRP / USDT Binance Technical analysis with price prediction
Hello,
Today I will take a look at the XRP / USDT pair on Binance 4h timeframe. The demand zone is around $0.37 (the strongest around $0.35), and the supply zone is around $0.39. I can spot the falling wedge trading pattern, which normally results in an uptrend movement if it comes from an uptrend direction. $0.37 is a good buy setup. I expect the first target to be $0.39 and the second target to be $0.41. If the opposite occurs, we can expect downward momentum (bearish scenario) and a price of $0.35.
Enjoy & have an amazing day!
BF
Today I will take a look at the XRP / USDT pair on Binance 4h timeframe. The demand zone is around $0.37 (the strongest around $0.35), and the supply zone is around $0.39. I can spot the falling wedge trading pattern, which normally results in an uptrend movement if it comes from an uptrend direction. $0.37 is a good buy setup. I expect the first target to be $0.39 and the second target to be $0.41. If the opposite occurs, we can expect downward momentum (bearish scenario) and a price of $0.35.
Enjoy & have an amazing day!
BF