Reading the structure — $XRP is coiling for a decision.
This is a clean ascending triangle: higher lows (1.8764 → 1.8948 → 1.9101) against a flat top resistance near 1.9200. Buyers are stepping in at progressively higher levels, compressing energy for a breakout.
Key Levels:
· Resistance: 1.9200 (pattern boundary)
· Support Trendline: Connects the rising lows
· Breakout Trigger: A sustained close above 1.9200
Trade Plan (Breakout Bias):
· Entry Zone: 1.9180 – 1.9220 (on confirmed breakout)
· TP1: 1.9400
· TP2: 1.9600
· TP3: 1.9800
· SL: 1.9080 (or below the trendline)
Invalidation:
A drop below the rising support (currently near 1.9100) would break the pattern and suggest a false setup.
Trade the confirmation, not the anticipation. Wait for a strong candle close above 1.9200 with volume before entering. This is a classic breakout setup — manage risk accordingly.
