1 day ago
5
Key Takeaways
- XRP price on May 2: $1.38
- RSI(14): 53.66 faster signal, 52.49 slower signal, both just above midline
- No-trade zone: $1.35 support to $1.45 resistance.
- Triangle breakout target: close above $1.45 targets $1.82, close below $1.35 targets $1.00
- 50MA and 100MA compressed to within $0.0001.
The Gate That Has Been Tested Once
XRP is consolidating inside a symmetrical triangle on the daily chart. According to analyst Ali Martinez, the price is approaching the apex, the point where the converging trend lines force a directional resolution. The triangle’s height implies a 26% move on a decisive breakout. The zone between $1.35 support and $1.45 resistance is what Martinez calls a no-trade zone: trading inside it exposes positions to fake-outs before the real directional move has committed.
$XRP is getting ready for a breakout!
...
English (US)