Total Quality
Score
If You Had Traded on This Analysis…
Fail

XRPUSDT
Entry
3.0992
2025-08-16
05:34 UTC
Target
3.2000
Fail
2.9000
In 3 Days
Risk / Reward
1 : 1
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Final PnL
-6.43%
P/L: —
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Body
The analyst discusses XRPUSDT on Binance, currently trading at $3.0895, and analyzes various timeframes from 15m to 1W. The RSI on the daily timeframe is bullish. On the 1H chart, the MACD indicates a potential crossover above zero. The stochastics suggest a move to overbought conditions. The RSI on the 1H timeframe shows a potential double top with lower highs in price, quickly corrected. The 30m chart shows an Eve and Adam pattern, a possible double bottom. The USDT pair has the highest volume. A notable increase in volume accompanied the latest downward move. He points out a potential V-shaped recovery on the 30m chart. On the 4H timeframe, the analyst identifies a descending trendline where the price found support slightly below it. He infers that if today's daily candle closes red below $3.02, there may be a move down to the golden ratio. A potential inverse head and shoulders pattern is noted on the 4H chart. The weekly timeframe indicates lower highs with no significant issues. Target is inferred to the 3.2 mark before a possible move to lower prices