$XRP
is currently trading at $2.56, with an intraday high of $2.59 and a low of $2.42.
A recent long position was liquidated at $2.5546, resulting in a loss of approximately $9,807.90.
Buy Zone: Consider entering a position between $2.40 and $2.50.
Target: Aim for a target price of $2.80.
Stop Loss: Set a stop loss at $2.30 to limit potential losses.
Key Levels:
Resistance: $2.60
Support: $2.40
Risk Management: Only invest what you can afford to lose.
Market Sentiment: Stay updated with news and market trends.
Conclusion: Entering between $2.40 and $2.50 with a target of $2.80 and a stop loss at $2.30 offers a balanced risk-reward ratio.