Total Quality
Score
If You Had Traded on This Analysis…
Correct
XRPUSDT
Entry 3.0530 2025-08-05 02:48 UTC
Target 3.3300 In 2 Days
Fail 2.7300
Risk / Reward 1 : 1
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Final PnL
9.07%
P/L:
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XRPUSDT
Correct
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The analysis focuses on XRPUSD, currently trading at 3.06. The analyst anticipates a potential rise to 3.33. The analysis hinges on the support level between 2.75 and 2.95 holding firm. The support at 2.75 is critical, as it represents a 50% retracement. The analyst also mentions resistance levels at 3.18 and 3.33. A micro five-wave move up is observed, indicating possible upward momentum. If a pullback occurs, it should ideally remain above the August low. If 2.73 is broken then the analysis would be invalidated and larger ABC correction should occur. There is also the possiblity of an ABC correction to occur and then invalidate current scenario.
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Accurate
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