📈 $XRP - Technical Analysis (Daily Chart – XRP/USDT)
XRP is currently trading at $2.2255, showing signs of bullish consolidation above the MA(7) = $2.1887 and MA(25) = $2.0875. Price action is forming higher lows after rebounding strongly from $1.6134. However, XRP remains below the MA(99) = $2.4170, which will act as a critical resistance zone in the coming sessions.
🎯 Objective
Short-term target: Test the resistance at $2.40–$2.42
Mid-term target: Breakout toward $2.60
Support zone: $2.08–$2.10
🧠 Trading Strategy
Entry Zone: $2.18–$2.22 during minor pullbacks
Stop Loss: $2.08 (under MA(25))
Take Profit 1: $2.42
Take Profit 2: $2.60
Focus on a momentum breakout strategy, as XRP attempts to reclaim its 99-day moving average with growing volume.
