Lingrid | XRPUSDT coiling Up: Prolonged COSOLIDATION Zone
2025-02-13
Category: None

Following the significant sell-off from the resistance zone at 3.40,  BINANCE:XRPUSDT   continues to consolidate. The price is currently squeezed above the 2.00 level, leading me to believe a breakout is likely. The market has already made a fake breakout of the January low, and a retest of this level is possible. Looking left at price action, this support zone has been respected previously. I anticipate the market will bounce off the channel border and the upward trendline. On the weekly timeframe, the formation of a long-tailed bar suggests that the price might move sideways for some time before the next significant move. My goal is resistance zone around 2.70


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