#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.

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content




