The current structure looks very similar to the attached textbook pattern:
1️⃣ Breakout above major resistance (☑️ We need confirmation) 2️⃣ Pullback to retest the breakout zone (⏸️ Pending) 3️⃣ Bullish hammer candle forming at support (⏸️ Pending)
💡Technically, this setup often leads to continuation, once confirmation shows up.
Educational probabilities: 🔹60–65% → continuation higher 🔹25–30% → longer consolidation 🔹10–15% → deeper pullback if support is lost
Key invalidation: losing the $1.60–$1.40 zone on higher timeframes.
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#XRP - Breakout → Pullback → Hammer… Then What?👀
The current structure looks very similar to the attached textbook pattern:
1️⃣ Breakout above major resistance (☑️ We need confirmation)
2️⃣ Pullback to retest the breakout zone (⏸️ Pending)
3️⃣ Bullish hammer candle forming at support (⏸️ Pending)
💡Technically, this setup often leads to continuation, once confirmation shows up.
Educational probabilities:
🔹60–65% → continuation higher
🔹25–30% → longer consolidation
🔹10–15% → deeper pullback if support is lost
Key invalidation: losing the $1.60–$1.40 zone on higher timeframes.