@c-zargetscrypto1677

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Avg. Quality

70

Success Rate

20.21

Analysis

188
Correct
38
Fail
88
Pending
62
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Fail
XRPUSDT
Long Entry 2.8291 2025-08-31 07:49 UTC
Target 3.0500 Fail 2.7200 In 16 Hours
Risk/Reward 1 : 2
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Final PnL
-3.86%
P/L:
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XRPUSDT
Fail
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
The analysis focuses on XRPUSD. It is the 31st of August, and with approximately 20 hours left in the month, the current price is $2.84. A 6% increase to reach $3.02 is needed to close the month green. The analyst looks at moving higher beyond January 2025. On the 1H timeframe, the RSI is getting overbought. The RSI is bullish, stochastics are coming out of the overbought zone. He draws trendlines showing that price could come back down to the 2.7 area but they'd ideally move up from here. On the monthly chart for XRPUSD, the analysis highlights the importance of not closing the month red, as closing above the overbought zone is better for the RSI. The MACD looks positive and wants to cross above zero and he finds support at prior resistance. He notes that an abandonment baby candle or a dragonfly doji has appeared and expects it will likely be answered in the opposite direction. All in all, the analyst remains positive on XRPUSD, with a target of around 3.05 before any considerable change happens in the opposite direction.
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