$XRP / USDT – Showing Signs of Life! 🌊
$XRP is currently trading at $2.2172, up by a modest +1.21%. The 4-hour chart shows some positive momentum after a period of sideways movement. It's attempting to break above a key level.
Potential Scenario:
Observation: $XRP has broken above a short-term resistance around $2.2150 and is showing some bullish candles. This could signal a potential move towards higher targets.
Possible Trade Considerations:
Entry: Consider potential entries on a confirmed hold above $2.2150, looking for it to act as new support.
Target 1: $2.2300
Target 2: $2.2500
Final Target: $2.2700+ (approaching recent highs)
Stop Loss: Place a stop-loss below the $2.2100 level to manage risk.
Key Observation: Watch if XRP can maintain its position above $2.2150 with sustained volume to confirm further upward movement.
Remember to conduct your own thorough analysis before making any trading decisions.
