XRP buy/long setup
2024-09-26

From where we put the green arrow on the chart, it looks like a bullish phase is formed on the XRP chart.

This bullish phase looks like an ABC as we are now in wave B of this pattern. Wave B also looks like a triangle, and now we seem to be in wave D of this triangle.

We are looking for buy/long positions on the green range. If the price returns to the green range, we will enter the position.

The targets are listed on the chart.

Closing a daily candle below the invalidation level will violate the analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You