$XRP

XRP Trade Plan (XRP/USDT) 📈

✅ Entry Zone: Buy within $2.1962 – $2.2000, near current price support and EMA levels (based on the chart's 24h range and moving averages).
⛔ Stop Loss: Set at $2.1829 (below recent swing low and potential EMA 50 support).
🎯 Profit Targets:

Target 1: $2.2300 📍 (Move stop to breakeven)
Target 2: $2.2600 🎯
Target 3: $2.3000 🚀
📊 Risk/Reward Ratio: ~3:1+ ⚖ (Adjust to 2:1 if momentum fades).

Key Observations:

Bullish Momentum: Price down -0.97% in 24h, with a recent upward candle suggesting potential reversal.
Volume: Current volume (42.78M XRP, 92.89K USDT) is moderate; monitor for increased volume to confirm breakout.
RSI Estimate: Likely neutral (~50-55 based on 24h change), no overbought signal yet (chart data limited).
Support/Resistance: Support at $2.1829 (24h low), resistance near $2.211 (24h high).

🔄 Strategy:

Trail stop above EMA(9) after Target 1.
Watch for rejection at $2.211 (24h high) for potential early exit.
Scale in/out due to high DeFi volatility (as noted in the $XRP disclaimer).

Trade wisely! 🚀💰