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Pending
XRPUSDT
Entry 2.8723 2025-08-20 01:29 UTC
Target 11.3500
Fail 2.7500
Risk / Reward 1 : 69
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XRPUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The analyst discusses XRP, stating a belief that it has bottomed out, predicting new all-time highs in the coming weeks and months. He notes the current price is $2.90, with a daily low of $2.87, down 5.2%. The analyst would like for the candle to close showing a wick to the downside, the analyst used Fibonacci retracement from low to high and mentions the price has shot through the golden ratio with support at 2.85. Then looking short term, the analyst says bullish divergence on 1H RSI, bullish divergence on Stochastic, and bullish divergence on the MACD, leading to two drives of bullish divergence from 3.04 back to 2.86. The analyst determines confirmation of the low with a close above $3.12 with a target for Q3 or Q4 2024 between $11.35-$16.42. He indicates $11.35 as a minimum acceptable target.
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