As of April 29, 2025, XRP is trading at approximately $2.28, experiencing a slight decline of 0.017% for the day.

Key Technical Levels:

Support Levels:

$2.20: Immediate support zone.

$1.98: Aligns with the 0.382 Fibonacci retracement level.

$1.90: Critical support within a descending triangle pattern.

$1.64: Deeper support, corresponding to the 0.786 Fibonacci level.

Resistance Levels:

$2.30: Immediate resistance; a breakout above this could indicate bullish momentum.

$2.50: Significant resistance; surpassing this may signal the end of the current correction phase.

$2.75 – $2.90: Major resistance zone; breaking through could lead to a bullish continuation.

Trading Strategy Considerations:

Take Profit (TP):

Short-Term: $2.30 – $2.50

Mid-Term: $2.75 – $2.90

Long-Term: $3.50 and above, contingent on strong bullish momentum.

Stop Loss (SL):

Conservative: Below $2.20

Moderate: Below $1.98

Aggressive: Below $1.90

Technical Indicators:

Relative Strength Index (RSI): Currently around 53, indicating neutral momentum.

Average Directional Index (ADX): At 31.05, suggesting a strong trend.

Moving Averages: The 200-day Moving Average is at $1.85; XRP trading above this level indicates a bullish trend.

Market Outlook:

XRP is currently consolidating within a descending triangle pattern. A breakout above $2.30 could indicate a bullish reversal, while a drop below $2.20 may suggest further downside potential. Traders should monitor these key levels closely and consider setting appropriate TP and SL orders based on their risk tolerance and investment horizon$XRP