๐ XRP Trade Setup โ April 30, 2025
Current Price: $2.29
24H Range: $2.27 โ $2.31โ
๐ Long Setup (Bullish Scenario)
Entry: $2.32 (upon breakout confirmation)
Take Profit (TP1): $2.40
Take Profit (TP2): $2.50
Stop Loss (SL): $2.25
Risk-Reward Ratio (RR): 1:2+โ
Rationale:
ETF Launch: The SEC has approved ProShares' launch of XRP Futures ETFs on April 30, 2025, signaling increased institutional interest.
Whale Activity: Significant XRP transfers to exchanges suggest accumulation by large holders.
Technical Indicators: A breakout above $2.32 could indicate bullish momentum.โ
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๐ Short Setup (Bearish Scenario)
Entry: $2.28 (if price fails to break resistance)
Take Profit (TP1): $2.20
Take Profit (TP2): $2.10
Stop Loss (SL): $2.32
Risk-Reward Ratio (RR): 1:2+โ
Rationale:
Resistance Level: Failure to break above $2.32 may lead to a pullback.
Market Sentiment: If ETF launch fails to sustain momentum, a correction could ensue.โ
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